U.S. Housing Starts Hit A High Note

U.S. housing starts soared in March 2021, with both single-family and multi-family starts contributing to the boom, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.

Combined starts in March were at a seasonally adjusted annual rate of 1.739 million, a whopping 19.4% above February and 37% above March a year ago when the pandemic struck.

Single-family starts in March were at an annual rate of 1.238 million, 15.3% above February and nearly 41% above March 2020. Multi-family starts were 477,000 in March, a 30% jump over February and 27% above March 2020.

Housing starts had dipped in January and February, following four consecutive months of growth to round out 2020.

U.S. housing building permits were 1.766 million in March, 2.7% above February and 30.2% over March 2020. Single-family permits were 1.199 in March, 4.6% above February and 35.6% over March 2020.

RELATED ARTICLES

U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago

Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good

Housing Starts Finish Year With A Bang

U.S. Housing Starts Continue Upward

Single-Family Housing Starts Go Up

U.S. Housing Starts Show Big Increase

Latest News

UK’s James Jones Buys GT Timber

UK’s James Jones & Sons Ltd. has acquired GT Timber Ltd., the parent company of Taylormade Timber Products Ltd. and Kerr Timber Products Ltd., which operate…

Weyerhaeuser Buys 69,000 Acres

Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile…

Find Us On Social

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

 

Subscribe/Renew

Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.