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
TP&EE Hosts Mass Timber Developments
The biennial Timber Processing & Energy Expo, following a pandemic-induced cancellation in 2020, returns this September 28-30 to the Portland Exposition Center in Portland, Ore. Hatton-Brown Expositions, an affiliate of Panel World magazine, has hosed the event since 2010.
“It’s hard to believe it has been four years since TP&EE was held, and what a strange trip it has been,” comments Rich Donnell, TP&EE Show Director and Editor-in-Chief of Panel World. “The important thing is that we’re back face-to-face. ‘Virtual’ is okay, but it’s not like being there.”
RoyOMartin Adds Natalie Monroe To Executive Leadership Team
RoyOMartin has named Natalie Martin Monroe Vice President of Environmental, Safety, and Sustainability Operations. She will also serve as a member of the Strategic Action Leadership Team (SALT) and the Corporate Secretary for the Martin Sustainable Resources (MSR) Board of Directors…
Softwood Board, FS Announce Mass Timber Awards
The Softwood Lumber Board (SLB) and USDA Forest Service recently awarded $2 million total to six projects that highlight innovative architectural design and mass timber’s significant role in carbon reduction. According to SLB officials, lessons learned from each project will be shared with the construction community to help support future projects, including cost analyses, life cycle assessments and other research results…
Pacific Woodtech Acquires LP EWP Division
Burlington, Wash.-based Pacific Woodtech announced the acquisition of Louisiana-Pacific Corp.’s EWP (I-Joist and LVL) division for $210 million. The acquisition includes LP laminated veneer lumber and I-Joist manufacturing facilities in…
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