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
Tenacity, Innovation Fuel Growth At Wisconsin’s Schmitt Timber
If Wayne Schmitt, owner of Wisconsin’s Schmitt Timber, had his way, every oak, ash or maple board he slices off the log would be top grade; clear-grained, free of knots and blemishes. Those cuts are usually kiln-dried, sold to small manufacturers or tradesmen to be...
Oregon’s Rough & Ready Lumber Co. Back Open
Timber is back at Rough & Ready Lumber Co. "It's exciting to see those old faces and we walk out there and see everybody greeting each other." Jennifer Phillippi is the owner of the Cave Junction sawmill that's been around since the 1900's, excited to re-open...
USDA’s BioPreferred Label Opens To Wood Products Industry
The U.S. Department of Agriculture’s (USDA) BioPreferred program, which designates bio-based product categories for preferred federal procurement, has opened to wood products as of yesterday. This means wood products manufacturers can now apply for a BioPreferred...
Two Years Running
Story by Rich Donnell, Editor-In-Chief Trade shows are known for the endless discussions that go on there as to the future of the wood products industry, the future of the housing market, the future of your operation, a project in the future, a technology in the...
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.