U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
U.S. housing starts experienced a second straight month of decline in February 2021 with a seasonally adjusted annual rate of 1.421 million, down 10.3% from January. It was also down 9.3% from February 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family housing starts in February were at 1.040 million, down 8.5% from January, though up slightly from February a year ago. Multi-family starts were 372,000 for February, down 14.5% from January and down 27.6% from a year ago.
U.S. housing building permits were 1.682 million in February, down 10.8% from January but 17% above February 2020. Single-family authorizations in February were 1.143 million, 10% below January but up 15% from February 2020. Multi-housing permits were 495,000 in February, down 11.6% from January but up 24% from a year ago.
Combined single- and multi-family housing starts in 2020 hit their lowest point in April at 934,000, but rebounded for the year to 1.38 million, compared to 1.29 million in 2019. Single-family starts were 990.5 million in 2020 and multi-family was 376.8 million.
The comparative March numbers, due out in mid-April, will reflect the beginnings of the pandemic in March 2020.
RELATED ARTICLES
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
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
BE&E Purchases Conveying, Fabrication From BID
BID Group and Biomass Engineering & Equipment (BE&E) announced a strategic supply and outsourcing partnership, in which BE&E will acquire the Vibrapro brand and manufacturing operations located in Boise, Id., and the BID Group fabrication plant in Greenville, Ky. BE&E, based in Indianapolis, Ind., is a rapidly growing engineering services and machinery manufacturer specializing in bulk materials handling for multiple industries across the globe…
Acres Partners With Forisk
Acres, a data-driven land research platform that supports fast, informed decision making, is partnering with Forisk Consulting, a leader in analyzing timber markets and wood baskets, to visualize timber data for both companies’ clients. This collaboration between Acres and Forisk will further expand Acres’ capacity to provide and visualize important information on U.S. timberland through its powerful land valuation tool.
Tolko Names New Chief Operating Officer
Brad Thorlakson, President and CEO of Tolko Industries, has announced that Pino Pucci, Vice President of Sales, Marketing and Logistics will assume a newly created interim role as Tolko’s Chief Operating Officer. “This role has been created to support our succession planning process, as Pino will eventually succeed me as President & CEO,” Thorlakson says. “Pino’s proven leadership experience, significant focus on people and…
Polish Glulam, German CLT Projects Pick Minda
As a specialist in engineered wood production lines, Minda has been a perfect partner for green and brownfield projects for more than 40 years. One of the last brownfield projects was the extension of a glulam line in Poland for Andrewex Construction, the biggest manufacturer of glulam in Poland with more than 30 years of experience…
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.