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
Plum Creek To Close Idaho Mill, Eliminating 61 Jobs
Plum Creek Timber Company announced it will close its Meridian lumber remanufacturing mill, putting 61 employees out of work. The mill produces softwood boards and edge glued panels. The property, which Plum Creek has owned and operated the mill since 1998, will be...
U.S. Lumber Price Falls Due To Overcapacity
Lumber is used in a variety of industries in the United States, but the price of lumber is primarily dictated by the health of the housing and construction industry. Americans may be viewing the economy more optimistically since last year, but their outlook on the...
Award Recipient Is No Stranger
AWARD RECIPIENT IS NO STRANGER Article By Rich Donnell, Editor-in-Chief, Timber Processing February 2015 "We’re showing our age,” David Richbourg said to me when I told him I had passed along an article I had written about him in 1988 to our associate editor who was...
Interfor Acquires Simpson Lumber Sawmills In U.S. Southeast, Pacific Northwest
Interfor Acquires Simpson Lumber Sawmills In U.S. Southeast, Pacific NorthwestInterfor announced that it has reached agreement with Simpson Lumber Company, LLC to acquire Simpson’s sawmill operations in Meldrim, GA, Georgetown, SC, Longview, WA and Commencement Bay,...
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.