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
Caribou Purchases StumpGeek Software
Caribou Software, a forestry software company that services more than 300 timber companies across North America, has announced its acquisition of the StumpGeek forestry software system to extend its product offering to smaller logging contractors and sawmills. “Over the years, we’ve spoken to many, many logging contractors and…
JoeScan Team Expands
Sawmill scanning company JoeScan, founded in 2002, is once again expanding their team with the addition of two new engineers to their roster. “We’ve seen a tremendous amount of growth in terms of sales,” says JoeScan president Joey Nelson. “So we have some additional demand on our engineers to answer support questions. But we also want to continue to develop new…
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.