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
West Fraser To Acquire Spray Lake Sawmills
West Fraser has announced that it has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta subject to certain post-closing adjustments. Spray Lake Sawmills produces treated wood products, dimensional lumber and a variety of residuals and biproducts, with an annual lumber capacity of 155 MMBF and…
PTF BPI Announces 2023 Dates
The 7th biennial international Processing Technologies for the Forest and Bio-based Products Industries (PTF BPI) 2023 Conference will be held October 30 to Nov. 1, 2023 in St. Simons Island, Ga. at the King & Prince Resort…
GP Donates $100,000 To Volunteer Fire Department In Corrigan, Texas
The Corrigan Volunteer Fire Department, which has close to 25 active volunteers and answered more than 150 emergency calls in 2022, has kicked off a capital campaign to build a new fire station, which will cost $400,000. In support of this campaign, and in recognition of the three major facilities Georgia-Pacific operates (and the 1,000 people employed) in Polk County, Texas, the company has donated $100,000 to the effort…
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