Multi-Family Leads Way In U.S. Housing Jump
After a downward slip in July, U.S. housing starts, riding a multi-family hike, increased to a seasonally adjusted rate of 1.615 million in August, 3.9% above July and 17.4% over August a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
While single-family starts came in at 1.076 million, down 2.8% from July, multi-family (five units or more) shot to 530,000, a whopping 21.6% increase over July and 60% above August a year ago.
Housing starts began a run of consecutive monthly jumps in August 2020 that carried through the end of the year.
Housing building permits were at a seasonally adjusted rate of 1.728 million, 6% above July and 13.5% over August a year ago. Single-family permits came in at 1.054 million, less than a percent above July and basically even with August a year ago. Multi-family permits were 632,000, nearly 20% above July and almost 53% above August a year ago.
RELATED ARTICLES
Housing Starts Dip, Permits Still Gain
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
Lewiston Mill Sold To Idaho Forest Group
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Clearwater Paper Corp. is selling its Lewiston, Idaho sawmill to Idaho Forest Group of Coeur d’Alene, Idaho. The $30 million transaction includes the sale of Clearwater Paper’s sawmill, planer mill, dry…
2011 West Coast Log, Lumber Exports Surpass 2010 Totals
Log and lumber exports from Washington, Oregon, northern California, and Alaska in the first three quarters of 2011 have surpassed the total exports of 2010 according to the U.S. Forest Service’s Pacific Northwest Research Station.…
Recently Reopened BC Sawmill Forced To Close
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A northwestern British Columbia sawmill has shut down after only a few months of it’s reopening, due to a rapid decline in lumber demand. The Kitwanga Sawmill near Hazelton reopened July…
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.