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
Paint Your Wagon And Come Along
Paint Your Wagon And Come AlongArticle by Rich Donnell, Editor-in-Chief, Timber Processing March 2014 Sometimes we use this space simply to pat ourselves on the back for what we put into the current issue of the magazine. This is one of those times. Talk about a mix...
Klausner Lumber Florida Sawmill Construction Imminent
Klausner Lumber Florida Sawmill Construction ImminentKlausner Lumber One LLC could soon begin construction on a sawmill that will be located at the catalyst site in Northwestern Suwannee County. Meanwhile, improvements continue on county owned land at the catalyst...
West Coast Log And Lumber Exports Increased By 20 Percent In 2013
West Coast Log And Lumber Exports Increased By 20 Percent In 2013Log and lumber exports from Washington, Oregon, northern California, and Alaska increased by 20 percent in volume in 2013 compared to 2012, the U.S. Forest Service’s Pacific Northwest Research Station...
North American Lumber Producers Face Rail Transportation Nightmare
As brutal weather patterns continued across the most populated parts of North America, lumber and panel traders reported mostly flat prices on solid wood commodities, writes Keta Kosman, publisher of Madison's Lumber Reporter. Most commonly-traded dimensions...
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.