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
Sierra Pacific Announces Permanent Closure Of California Sawmill
Sierra Pacific Announces Permanent Closure Of California SawmillSierra Pacific Industries (SPI) today announced it will close its sawmill in Arcata, CA. “This is a particularly sad day for Sierra Pacific and for my family” said A.A. “Red” Emmerson, chairman and...
Woodgrain Millwork Buys Idaho Sawmill
Woodgrain Millwork Buys Idaho SawmillWoodgrain Millwork Inc., which makes doors, mouldings and windows, announced Thursday that it bought the sawmill from Gem Forest Products. Woodgrain Millwork gained control of the equipment and lumber on the site as part of the...
U.S. Housing Starts Grew Steadily In 2015
The U.S. Census Bureau & the Department of Housing & Urban Development released its December and total 2015 statistics on new residential starts in the U.S. There were no real surprises with the data, but predicting U.S. housing starts has been virtually...
OSHA Combustible Dust Standard On Back Burner For 2016
The Occupational Safety and Health Administration is not likely to push forward on a comprehensive combustible dust standard in 2016 due to the complexity of the hazard and an already robust regulatory agenda, according to a report by Brian Dabbs in Bloomberg BNA....
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.