Single-Family Housing Starts Rise Again
U.S. housing starts reached a seasonally adjusted rate of 1.415 million in September, a 1.9% increase above August and an 11.1% increase over September 2019. Single-family starts carried the day at 1.108 million in September, a whopping 8.5% above August and 22.3% over September 2019.
Single-family starts have increased for five consecutive months, since hitting a low ebb of 679,000 during the onslaught of the pandemic in April.
Multi-family starts, however, continued a downward swing in September, at 295,000, 14.7% decline from August.
Building permits in September were 1.553 million, a 5.2% jump over August and 8.1% increase compared to September 2019.
Latest News
Roseburg Closing Taylorsville P’Board Mill, Has Sold Facility For Another Use
Roseburg has announced that it will permanently end operations at its Taylorsville, Miss., particleboard plant on Aug. 21, 2023. While the plant will no longer produce particleboard, a forest products company has signed a letter of intent to purchase the facility for an alternate use. The transaction is expected to close later this…
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…
Luoma Announces Retirement
Longtime executive and manager in the wood products industry, for years with LP, Brian Luoma announced he is retiring at the end of 2023 from his position as president and CEO of The Westervelt Co. Luoma joined Alabama-based Westervelt as president and CEO in 2017, and has been instrumental in the company’s expansion of its lumber and timberlands divisions…
Huber Takes Another Swing
Huber Engineered Woods appears to be looking at building its sixth OSB plant in Shuqualak, Miss. in Noxubee County. In March, the U.S. Army Corps of Engineers and the Mississippi Dept. of Environmental Quality released a joint public notice for Huber’s application for a permit pursuant to the Clean Water Act, and in May MDEQ released a Large Construction Notice of Intent under the Large Construction General Permit applied for by Huber at Shuqualak…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!