U.S. Housing Starts Rebound In February
U.S. housing starts brushed off a sluggish January and reached a seasonally adjusted rate of 1.45 million in February, up 9.8% over January. Single-family starts were 830,000, a percent above January, while multi-family (five units or more) were at 608,000, up a whopping 24% over January.
The uptick in February broke a four-consecutive monthly decline for the combined starts.
Building permits were at a rate of 1.524 million in February, nearly 14% above January. Single-family permits were 777,000, up 7.6%, and multi-family was 700,000, up 24.3%.
Housing completions were at a rate of 1.557 million in February, 12.2% above January, with single-family completions at 1.037 million, a percent above January, and multi-family completions at 509,000, a jump of 44.6% over January.
RELATED ARTICLES
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
U.S. Housing Starts Dip Slightly In November
Housing Starts Continue Negative Pattern
U.S. Housing Starts Dip In September, Both Single-Family & Multi-Family Soften
U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
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
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
B.C. Forest Firms Brace For U.S. Lumber Battle
If it’s true that business hates uncertainty, then the B.C. forest industry is in for some ill feeling in 2017. Finding opportunity in the face of that uncertainty is the challenge for the coming year. The biggest challenge comes from the United States, which has...
Wood Taking Root In U.S. Construction
A recent annual competition promoted wood as a building material to the next generation of architects. The Timber in the City: Urban Habitats Competition was coordinated by the Binational Softwood Lumber Council (BSLC), the Association of Collegiate Schools of...
Canadian, U.S. Timber Markets See Same Issues In Different Ways
Canadian, U.S. Timber Markets See Same Issues In Different WaysLike a pair of fraternal twins, the timber markets of the United States and Canada don't quite look identical. In the West, both sides cut conifers mainly for the U.S. housing market. The industries each...
Maine’s Katahdin Forest Products Mulls Sawmill Expansion
Maine’s Katahdin Forest Products Mulls Sawmill ExpansionKatahdin Forest Products, the Oakfield-based maker of cedar log homes, is considering expanding its sawmill in Ashland at the same time that a lumber dispute between the U.S. and Canada leaves a cloud of...
Global Softwood Lumber Trade Forecasted To Increase In 2016
Global trade of softwood lumber is forecasted to increase by almost 14% in 2016, driven by higher wood demand in China and the US, according to the Wood Resource Quarterly. The World Trade Organization (WTO) reported in September that world trade will expand by only...
Trump’s ‘Get Tough’ Trade Plan Could Benefit Maine Lumber Industry
Trump’s ‘Get Tough’ Trade Plan Could Benefit Maine Lumber IndustryMaine sawmills and timber harvesters could benefit if President-elect Donald Trump goes through with a draft plan to aggressively renegotiate trade terms for competing softwood lumber imported from...
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.