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
LP To Acquire Ontario OSB Facility
LP Building Solutions (LP) and Forex Inc. have entered into a definitive agreement for LP to acquire the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc. The manufacturing facility in Wawa, Ontario will be converted into an LP SmartSide trim and siding mill. The transaction, which is subject to court approval and customary closing conditions, is expected to be completed in early May 2023…
Georgia-Pacific Names New Building Products Leader
Andy Konieczka, currently President–Structural Panels, will assume the leadership role for the building products business as Executive Vice President–Building Products. Konieczka will report to the company’s President and CEO Christian Fischer. Konieczka has been with Koch companies since 1992. In 2006, he joined Georgia-Pacific, holding strategy, optimization and management roles in wood and fiber, and…
Structurlam Files For Bankruptcy, May Sell To Mercer International
Structurlam Mass Timber Corp. has filed for bankruptcy protection and agreed to sell the company’s new Conway, Ark. CLT plant and its Canadian assets for $60 million, pending court approval. Structurlam entered the asset-purchase agreement with Mercer International Inc., a global forest products company which operates a mass timber facility in Spokane, Wash. However, Mercer’s purchase is subject to a better offer in a court-monitored process…
Panel Producers Make Key Hires
Roseburg has named Lorraine Russ as Director of Structural and Specialty Panels, a newly created role in which she will lead the company’s commercial efforts for softwood and hardwood plywood. Russ comes to Roseburg with a solid depth of leadership experience in strategic sales planning, product innovation and commercialization, and marketing after more than a decade in the building products industry….
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!