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
Reaching Excellence
Reaching ExcellenceArticle by Jessica Johnson, Senior Associate Editor, Timber Processing September 2019 The parallels between sports and success are strong; the life lessons kids learn while playing on teams is invaluable. Teaching children you finish what you start,...
Mid-South Recognized For Work At Dierks
Mid-South Engineering, Hot Springs, Ark., was awarded three Engineering Excellence awards from the Arkansas branch of the American Council of Engineering Companies for its work on the new 388MMBF Weyerhaeuser sawmill in Dierks, Ark. Among other statistics, the sawmill...
Evergreen Adds Seattle Office
Evergreen Engineering, Inc., is adding a location in the Seattle, Wash. area. “We wanted to better serve our major wood products and pulp & paper clients in Washington state,” comments Evergreen Business Development Director Aaron Edewards. “We also wanted to take...
Element5 Plans Second CLT Plant
Element5 Plans Second CLT PlantTembec founder Frank Dottori appears to be fronting the establishment of Ontario’s first cross-laminated timber (CLT) plant in St. Thomas, Ontario. The Ontario government announced a contribution of close to $5 million for the $32...
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.