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
Governor Visit Highlights Hurst Boiler Operations
Governor Visit Highlights Hurst Boiler OperationsAs part of an ongoing tour to highlight products made in Georgia, Governor Brian Kemp visited Hurst Boiler & Welding Co. Inc. in Coolidge, Georgia. in early December. A key forest products industry supplier, Hurst...
Timber Processing & Energy Expo 2020
Timber Processing & Energy Expo 2020Organizers of the Timber Processing & Energy Expo, scheduled for September 30 to October 2, 2020 at the Portland Expo Center in Portland, Ore., report brisk sales of exhibit space, with 150 equipment and technology...
Canfor Heads For Private Status
Canfor Corp. announced that based on the recommendation of an independent committee of Canfor’s board of directors (the “Special Committee”), it has entered into an “arrangement agreement” with Great Pacific Capital Corp. and affiliate Great Pacific in which Great...
Georgia-Pacific Completes Warrenton Mill
Georgia-Pacific Completes Warrenton MillGeorgia-Pacific celebrated the official opening of its newest lumber facility with an onsite dedication in Warren County, Georgia. The $135 million, 340,000 square-foot plant is located on the same site as an existing lumber...
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.