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
Report: Overseas Imports Impeding New Softwood Lumber Agreement
Canada and the United States must chop down one big, remaining impediment to a deal on softwood lumber and this obstacle involves wood from neither country but from other places: Germany, Sweden, Chile, Brazil and Russia. This irritant over distant imports is...
After A Period Of Quiet Time, Canadian Buyout Of SYP Mills Resumes
After A Period Of Quiet Time, Canadian Buyout Of SYP Mills ResumesWest Fraser Timber Co. Ltd. has entered into an agreement to acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders for approximately US$430 million. The...
U.S. Senators Urge Quotas On Canadian Lumber
Seven members of the Senate Finance Committee on Tuesday called the Trump administration to set quotas on Canadian softwood lumber and closely consult with Congress during negotiations of a final agreement. Senate Finance Committee ranking member Ron Wyden (D-Ore.)...
A Little Bit of Sunshine
Article by Jessica Johnson Associate Editor Back again is the Sawmill Operations and Capital Expenditure Survey report, compiled annually by Timber Processing, focusing on U.S. hardwood lumber mills. (The report on U.S. softwood lumber mills appeared in the June issue...
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.