Housing Starts Decline, But Still Steady
U.S. housing starts were down 8% in June from May to a seasonally adjusted rate of 1.434 million. May’s 1.6 million rated starts had surprised everybody, increasing 20% over April. June single-family starts were at a rate of 935,000, 7% below May, while multi-family starts were 482,000, down 11.6% from May.
Building permits were at a rate of 1.440 million in June, down 3.7%, with single-family permits at 922,000, up 2.2% over May, and multi-family at 467,000, down 13.5%.
Housing completions were at a rate of 1.468 million, 3.3% below May, with single-family completions at 986,000, 2.8% below May, and multi-family at 476,000, down 2.5%.
June housing starts still represented the second highest monthly figure of 2023.
Latest News
New Northwest Pellet Mill Gains Approval
New Northwest Pellet Mill Gains ApprovalAir quality officials recently issued a final notice and approval for an air quality permit at a new wood pellet manufacturing plant to be built by Pacific Northwest Renewable Energy (PNWRE) on a 60 acre site leased from the...
Collins Sues PG&E Over Dixie Fire
Collins Pine Co. and several affiliated companies have filed a lawsuit against Pacific Gas and Electric utility seeking compensation for property and business losses stemming from the Dixie Fire in July 2021, which was caused by PG&E’s equipment and negligent operations, according to the complaint.
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.