Single-Family Starts Lead U.S. Housing Rebound In July
U.S. housing starts increased in July to a seasonally adjusted rate of 1.452 million, nearly 4% above June (and 6% above July a year ago). Single-family housing starts in July were at a rate of 983,000, 6.7% above June, while multi-family starts were 460,000, even with June, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Both single-family and multi-family starts had declined significantly in June from May, so the latest numbers offer some relief. Housing starts in July represent the second highly monthly adjusted annual rate of the year.
Building permits in July were 1.442 million, slightly above June, with single-family at 930,000, 0.6% above June, and multi-family at 464,000, down a fraction from June.
Housing completions were at a rate of 1.321 million in July, down 11.8% from June. Single-family was 1.018 million, up 1.3%, while multi-family was 297,000, down a whopping 38.5% from June.
Latest News
SFI President & CEO Kathy Abusow To Retire
SFI President & CEO Kathy Abusow To RetireThe Sustainable Forestry Initiative (SFI) has announced that President and CEO Kathy Abusow will retire in 2026, concluding an extraordinary career marked by visionary leadership. Abusow has led SFI through a period of...
Steve Swanson Is Timber Processing’s 2026 Person of Year
Steve Swanson Is Timber Processing's 2026 Person of the YearLongtime Northwest forest products executive Steve Swanson, CEO of Swanson Group based in Roseburg, Ore., was named Timber Processing magazine’s 2026 Person of the Year in its February 2026 issue. Swanson is...
Webster Industries Purchases Renold
Webster Industries Purchases RenoldMPE Partners along with its portfolio company, Webster Industries, announced the closing of its acquisition of Renold plc, a leading designer, engineer, manufacturer, and supplier of premium, high specification industrial chain and...
Richard Vetter Becomes CEO Of RPM
Richard Vetter Becomes CEO Of RPMReal Performance Machinery (RPM) announced a reorganization of its executive leadership team. Richard Vetter, one of the company’s founding members and Chief Technology Officer (CTO) since 2023, assumes the role of Chief Executive...
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.