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
BID Group Starts Apprenticeship Program
In a significant development for the local community, BID Group has collaborated with the Dept. of Labor and Apprenticeship Carolina to launch a groundbreaking apprenticeship program in its Fabrication Shop. The program provides valuable opportunities for aspiring professionals in the manufacturing sector…
U.S. Housing Starts Fall While Building Permits Rise
U.S. housing starts fell in August from July, at a seasonally adjusted rate of 1.283 million, down 11.3%. Single-family starts were at a rate of 941,000, 4.3% below July, while multi-family starts were the primary culprit at 334,000, down 26.3%, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Canfor Puts ‘Stock’ In New BC Facility
Vancouver, BC-based Canfor Corp. is investing $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, which will have an annual production capacity of 350MMBF. “I’m very pleased to be making this announcement in British Columbia, where Canfor has been proudly headquartered for 85 years,” comments Don Kayne, President and CEO. “This decision comes following…
West Fraser To Acquire Spray Lake Sawmills
West Fraser has announced that it has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta subject to certain post-closing adjustments. Spray Lake Sawmills produces treated wood products, dimensional lumber and a variety of residuals and biproducts, with an annual lumber capacity of 155 MMBF 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.