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.

 

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Weyerhaeuser Names Brian Chaney To Lead Wood Products

Weyerhaeuser Co. has appointed Brian Chaney as senior vice president of Wood Products. Chaney recently served as vice president of Engineered Wood Products and Innovation for the company, and will take over for Keith O’Rear, who retired June 3 and will serve as a strategic advisor to the company through the end of 2024.

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