Single-Family Housing Starts Show Strength
U.S. housing starts had a minor dip in March, at 1.42 million, down 0.8% from February, though single-family starts were at a rate of 861,000 in March, an increase of 2.7% from February, while multi-family (five units or more) were 542,000, down 6.7% from February, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Building permits were at a rate of 1.413 million in March, down 8.8% from February. Single-family permits were 818,000, a 4.1% increase, while multi-family was 543,000, down 24%.
Housing completions were 1.542 million, 0.6% below February. Single-family completions were 1.05 million, 2.4% above February, while multi-family was 484,000, down 7%.
Latest News
Daniels, Pannell Join Potlatch
PotlatchDeltic Corp. has announced that Ryan Daniels and Bobby Pannell have joined the Wood Products division, with Daniels serving as Director of Operations, responsible for leading the manufacturing teams at the six lumber facilities and the St. Maries plywood mill, and Pannell serving as Director of Engineering, responsible for leading the engineering, reliability, and continuous improvement team for the division…
Labor Department Slaps Sawmill Operator
U.S. Dept. of Labor obtained a federal consent order and judgment against a Northern sawmill operator following the death of a child due to an “industrial accident.” The order requires the company to place labels and signage to prevent children under age 18 from using dangerous equipment and entering the company’s sawmill and planer buildings…
U.S. Housing Starts Show Significant Jump In September
U.S. housing starts increased 7% in September from August, coming in at a seasonally adjusted rate of 1.358 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts were at a rate of 963,000, up 3.2%, and multi-family starts were 383,000, up 17%…
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