U.S. Housing Starts Rebound In February
U.S. housing starts brushed off a sluggish January and reached a seasonally adjusted rate of 1.45 million in February, up 9.8% over January. Single-family starts were 830,000, a percent above January, while multi-family (five units or more) were at 608,000, up a whopping 24% over January.
The uptick in February broke a four-consecutive monthly decline for the combined starts.
Building permits were at a rate of 1.524 million in February, nearly 14% above January. Single-family permits were 777,000, up 7.6%, and multi-family was 700,000, up 24.3%.
Housing completions were at a rate of 1.557 million in February, 12.2% above January, with single-family completions at 1.037 million, a percent above January, and multi-family completions at 509,000, a jump of 44.6% over January.
RELATED ARTICLES
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
U.S. Housing Starts Dip Slightly In November
Housing Starts Continue Negative Pattern
U.S. Housing Starts Dip In September, Both Single-Family & Multi-Family Soften
U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
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
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
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
Caribou Purchases StumpGeek Software
Caribou Software, a forestry software company that services more than 300 timber companies across North America, has announced its acquisition of the StumpGeek forestry software system to extend its product offering to smaller logging contractors and sawmills. “Over the years, we’ve spoken to many, many logging contractors and…
JoeScan Team Expands
Sawmill scanning company JoeScan, founded in 2002, is once again expanding their team with the addition of two new engineers to their roster. “We’ve seen a tremendous amount of growth in terms of sales,” says JoeScan president Joey Nelson. “So we have some additional demand on our engineers to answer support questions. But we also want to continue to develop new…
JD Irving Orders MiCROTEC CT Log
JD Irving, Ltd., a producer of maple, birch and poplar wood products, headquartered in Saint John, New Brunswick, Can., continues its commitment to sustainability and innovation with the purchase of a MiCROTEC CT Log for installation at its operation in St. Leonard, New Brunswick, Can. MiCROTEC’s CT Log computed tomography scanner will allow…
Conway CLT Plant Is Back On Track
Mercer International Inc. and its subsidiary Mercer Mass Timber, a manufacturer of timber building materials, completed the acquisition of Structurlam Mass Timber Corp. and its subsidiaries in mid-June. Mercer Mass Timber immediately takes possession and continues the operation of Structurlam’s manufacturing facilities, which will…
Timberlab Opens Glulam Facility
Timberlab, a nationwide provider of mass timber systems, is opening its second glued laminated timber fabrication facility in Greenville, SC. Timberlab’s goal is to provide the Eastern U.S. with a more regional platform for a sustainable, low-carbon building material and accelerate the mainstream adoption of mass timber construction to benefit the planet and its people…
Housing Starts Come On Like Gangbusters
U.S. housing starts, both single-family and multi-family, came in hot in May at a combined seasonally adjusted rate of 1.631 million, a 21.7% increase above April. Single-family starts in May were at a rate of 997,000 an 18.5% increase over April, and multi-family was 624,000, an increase of 28% over April, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development…
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.