U.S. housing starts (combined single-family and multi-family) showed a slight decline in November, coming in at a seasonally adjusted rate of 1.427 million, 0.5% below October, and 16.4% below starts in November 2021, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts were 828,000, down 4.1% compared to October, and recording the third consecutive monthly decline; but multi-family came in at 584,000, up 4.8% over October.
Building permits declined 11.2% to 1.342 million, including a 7.1% drop in single-family to 781,000, and a 17.9% dip in multi-family to 509,000 compared to October.
Housing completions in November were 1.490 million, an increase of 10.8% over October, including single-family completions at 1.047 million, up 9.5%, and multi-family completions at 430,000, up 16% from October.
Article by Rich Donnell, Editor-In-Chief, Panel World January 2023 – Some forecasts coming out of APA—The Engineered Wood Association annual meeting in October painted a rather bleak economics picture for 2023. It was no surprise, given the already downward trending in housing…
Boise Cascade has announced plans to expand its South Carolina operations with a new facility in Walterboro, with a $9 million investment that will create 30 new jobs. This new facility marks Boise Cascade’s first distribution location and second facility…
Chinese wood-based panel producer, A Beautiful Family Plate Making Co. Ltd. (BFP), has contracted with Dieffenbacher for a complete Fine OSB plant in Guangxi, China. Installation of BFP’s new plant is scheduled for the second quarter of 2023. The first board is expected to be produced in fall 2023…
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