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
Rising Lumber Shipments Brighten Rail Outlook
Railroad shipments of lumber are gaining momentum, signaling a construction upturn that should drive up shipping volume of consumer products from appliances to furniture. This mounting demand for construction and household goods bodes well for Union Pacific Corp., CSX...
B.C. Sawmill Cleanup Order Expanded
WorkSafeBC has expanded an order to clean up potentially hazardous wood dust to include panel and wood pellet plants. The order released Thursday also includes pulp and paper mills. In April, the workplace safety agency ordered the cleanup of sawmills after two deadly...
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.