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
Boise Cascade Acquires Coastal Plywood
Boise Cascade Co. has reached an agreement to acquire Coastal Plywood Co., including plywood mills in Havana, Fla. and Chapman, Ala., from Coastal Forest Resources Co. for $512 million, subject to certain closing adjustments. The two facilities employ 750. “This acquisition incrementally expands our veneer capacity in support of our customers,” says Nate Jorgensen, CEO, Boise Cascade…
Huber Names President & CEO
J.M. Huber Corp. named Gretchen W. McClain has as President & CEO through a unanimous vote of the Huber Board of Directors. McClain succeeds Mike Marberry, who is retiring after a 25-year career with Huber, including 13 years as President & CEO. “I am extremely excited to be the next Chief Executive Officer of…
States Industries, Biele Group Collaborate In Eugene
States Industries LLC, Eugene, Ore., and the handling equipment machinery company, Biele Group, have successfully implemented their first project collaboration consisting of an automatic line…
PELICE 2022 Provides Breath Of Fresh Air
Everything fell into place at the eighth Panel & Engineered Lumber International Conference & Expo (PELICE) held March 31 to April 1 at the Omni Hotel at CNN Center in Atlanta, Ga. “Two things combined to make this the best PELICE in some years,” comments Rich Donnell, co-chairman of PELICE and editor-in-chief…
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!