U.S. housing starts bounced back in May following a dip in April. Housing starts (single-family and multi-family combined) came in at a seasonally adjusted annual rate of 1.572 million, a 3.6% increase over April and 50% above May 2020 when housing was still feeling the pandemic.
Single-family starts in May were at a rate of 1.098 million, a 4.2% increase over April and 50% over May a year ago. Multi-family in May was 465,000, up 4% from April and 53% over May 2020.
Housing building permits were at a seasonally adjusted annual rate of 1.681 million in May, 3% below April and 35% above May 2020. Single-family permits were at a rate of 1.13 million, down 1.6% from April. Multi-family permits in May were 494,000, down 7.7% from April.
Hampton Lumber & Family Forests is pleased to announce the creation of a Hampton Lumber Scholarship endowment for Tillamook Bay Community College (TBCC). The endowment will provide scholarships for students in TBCC’s forestry and manufacturing and industrial technology (MIT) programs…
USNR has announced the order of a complete sawmilling system to the Chilean company Foraction Chile. This highly advanced production line is designed to process radiata pine and will be installed at a greenfield site in the Los Rios region, about 800 km south of Santiago…
KDS Windsor, Lumber Drying Technologies, (KDS) and The New York Blower Co. (NYB) have recently announced they are expanding manufacturing operations in Philadelphia, Miss. This joint venture is one of many investments in growth the past few years…
The Westervelt Company has announced a new Chief Operating Officer role, to be filled by Cade Warner effective January 1, 2023. Warner is currently Chief Sustainability Officer for Westervelt. In his new role, he will be responsible for the five business operations of The Westervelt Co.—Forest Resources…
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