Housing Starts Dip, Permits Still Gain
Following two months of uptick, U.S. housing starts declined 7% in July from June 2021, showing a seasonally adjusted rate of 1.534 million, which was 2.5% above July 2020, 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 at an annual rate of 1.11 million, down 4.5% from June, but up 11.7% over a year ago. Multi-family (five units or more) came in at 412,000, down 13.6% from the previous month and down 16.3% from a year ago.
Housing building permits were at a seasonally adjusted rate of 1.635 million in July, 2.6% above the previous month, and 6% over a year ago. Single-family permits came in at 1.048 million, down 1.7% from June and up 5.5% from the same period last year. Multi-family reached 532,000 in July, up 11.1% over the previous month and ahead of last year by 6.4%.
RELATED ARTICLES
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
Musser Plans More Byproducts
Musser Biomass and Wood Products, a division of family-owned and operated Musser Lumber Co., will invest $7.5 million and create 10 new jobs to expand its operation at Rural Retreat, Va. The expansion will more than double production of dried hardwood chips and sawdust the company supplies to composite decking…
Sierra Pacific Foundation Grants Scholarships
Sierra Pacific Foundation is awarding more than $521,000 in scholarships to 169 students as they attend colleges, universities, and trade schools during the 2023-2024 school year. “It is both an honor and a privilege for our family to continue to offer this ongoing support for these students,” says Carolyn Emmerson Dietz…
Bruks Siwertell Acquires West Salem Machinery
Bruks Siwertell Group has signed an acquisition contract for North American heavy machinery specialist, West Salem Machinery (WSM), effective July 1, 2023. The Oregon-based engineering and manufacturing company will continue to operate under its current name as a separate internal division within Bruks Siwertell…
NHLA Receives Forest Service Grant
National Hardwood Lumber Assn. (NHLA) has been awarded a $500,000 matching grant from the USDA Forest Service (FS) Wood Innovations Program to support and expand markets for the U.S. hardwood industry. “We appreciate the USDA Forest Service supporting the hardwood forest industry’s important role in ensuring a sustainable future, healthy forests, and…
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.