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
WorkSafeBC Revises Rules, Cracks Down On Sawmills
B.C. forest companies face new, prescriptive regulations that define how much sawdust can settle in a wood-products plant before it is considered a hazard, almost two years after the deaths of four workers in sawmill explosions. The new regime has been rolled out in...
Canfor Invests $15 Million In Alberta Sawmill
Grande Prairie’s Canfor sawmill recently received a capital investment grant from the Canfor Corporation in the amount of $15 million to perform some necessary upgrades to the facility. The planned work includes upgrades in controls and technology as well as equipment...
Saskatchewan’s Carrier Forest Products Sawmill To Close
Saskatchewan’s Carrier Forest Products Sawmill To CloseA Saskatchewan sawmill is shutting down and its remaining 12 workers have been given layoff notices. Operations at Carrier Forest Products in the Prince Albert area are to cease entirely later this month. Shane...
Canfor Making $8 Million Capital Investment In B.C Sawmill
Canfor will be adding another power-generating turbine to its biomass-fired energy system as part of $8 million in capital upgrades to its Fort St. John sawmill announced Tuesday. Canfor Corporation President and CEO Don Kayne says the investment will improve...
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.