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
High Lumber Prices Boosting Maine’s Forest Industry
Prices for wood to build and renovate houses have as much as doubled over the past six months, increasing costs for consumers but boosting Maine’s softwood sales and signaling a turnaround in that segment of the forestry market, industry experts say. A number of...
Global Lumber Market: Futures Prices Still Breaking Records
Back in March, FreightWaves reported on a “perfect storm for lumber markets”: a confluence of strong global demand and critical supply issues that caused futures prices for a thousand board feet of lumber to break $500 for the first time ever. To put that number in...
New Cross-Laminated Timber Guide Published By Lucideon
Lucideon has released a new testing guide for manufacturers of cross-laminated timber (CLT) in offsite buildings. CLT is an engineered timber product made from bonding layers of sawn timbers together. This provides a sustainable and tough panel which is ideal for use...
Softwood Log And Lumber Imports To China Have More Than Tripled In Ten Years
Softwood Log And Lumber Imports To China Have More Than Tripled In Ten YearsWith limited domestic forest resources, China continues to be a major importer of forest products in order to meet its growing domestic demand for logs, lumber, chips, pulp and paper. In 2017,...
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.