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
Greentree Upgrades Primary Breakdown
Cleereman Industries/Cleereman Controls in cooperation with RTM Industrial Maintenance LLC recently carried out an extensive project at Greentree Forest Products, owned by Greg Wells, in Wallingford, Ky. The RTM crew removed the old carriage line that Greentree had run for 27 years, an LP-42 Cleereman carriage, and replaced it with a new one. Wells decided that as long as he was…
Georgia-Pacific Contributes To Atlanta CLT Project
Georgia-Pacific is partnering with Jamestown, SmartLam North America and the Georgia Forestry Foundation to support construction of the first Georgia-grown mass timber project, 619 Ponce. Delivery of the first beams arrived at Ponce City Market in Atlanta where vertical construction began on the four-story mass timber loft office building…
Roseburg Announces Massive Investment
In a much-anticipated announcement, Roseburg Forest Products revealed in last week its plan to invest $700 million during the next four years to upgrade and expand its manufacturing operations in southern Oregon, including the construction of a MDF facility in Dillard, current site of multiple operations and where the company was founded nearly 90 years ago…
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