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
Hoffman Companies Acquires Besse Forest Products Group
The Hoffmann Family of Companies (HFOC), a Florida-based family-owned private equity firm, has acquired Besse Forest Products Group, the longstanding Michigan-based family-run company with 10 manufacturing facilities, including four sawmills, a lumber drying concentration yard, four veneer mills and a cut-to-size plywood mill.
Godfrey Forest Products Announces New OSB Mill For Maine
Godfrey Forest Products Announces New OSB Mill For MaineBy Rich Donnell Godfrey Forest Products, with multi-investor backing, has announced...
Boise Announces New Investments
Boise Cascade has announced new investments in Alabama and Louisiana in support of its engineered wood products (EWP) growth strategy.
Hunt Modernizes Lathe Operations
In a significant step toward modernizing their production line, Hunt Forest Products in Pollock, La. is receiving new lathe controls and BlockLogix optimization from USNR, as well as a Bosch valve upgrade to the lathe spindles and replacing the lower portion of the core drive.
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