Single-Family Housing Starts Go Up
According to the U.S. Census Bureau monthly new residential construction report, U.S. single-family housing starts continued their climb in August, reaching 1.021 million, a 4.1% increase over July and 12% above August a year ago. Multi-family starts, however, were at 375,000 in August, a 25% decline from July and a 17% drop from August 2019. Combined single-family and multi-family starts were 1.416 million in August, 5.1% below July and 2.8% above August 2019.
Largest percentage of single-family starts came in the West and Midwest at 23% and 20%, respectively.
Single-family building permits were 1.036 million, 6% above July and 15.6% above August 2019. Multi-housing permits for August were 381,000, 17% down from July and 29% down from August 2019. Single-family and multi-family permits combined for August were 1.47 million, a percent below July and about event with August 2019.
Single-family completions in August were 912,000 in August, down 4.4% from July.
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
Latest News
Explosions Trigger Safety Review Of B.C.’s Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); WorkSafeBC has ordered sawmills across the province to immediately investigate sawdust levels and other possible workplace hazards in their facilities, saying the review is urgently needed given explosions at two northern…
GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to…
Log, Lumber Prices Put Squeeze On Western Sawmills
Results of a multi‐client benchmarking study show that in spite of operational improvements, dimension lumber mills in the U.S. West have struggled to overcome the narrowing gap between log prices and lumber selling values. The…
Canfor Completes Tembec Transaction
Canfor has completed the acquisition of the Tembec Industries Ltd.’s southern British Columbia interior wood products assets consisting of the Elko and Canal Flats sawmills and approximately 1.1 million m3 of combined Crown, private land…
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.