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
Lumber Mills Expand As Prices Rise Most Since 1993
North American mills are sawing lumber at the fastest pace in six years after a recovering U.S. housing market, a beetle infestation in Canada and increasing Chinese demand drove the biggest price surge in two…
Timber Prices Follow Lumber’s Sharp Climb As Annual Housing Starts Hit A Million
With new home construction hitting a million new starts a year for the first time since 2008, a national forest management firm reports that timber prices for large standing trees are rising off the bottom…
When Investing In More Production, Don’t Overlook Logging
Story by Dan Shell, Managing Editor This issue a special thanks goes out to those owners, managers, supervisors, shift leaders and others who have taken the time to complete Timber Processing’s annual Sawmill Capital Expenditure…
Canadian Lumber Producers Angry Over Rail Bottlenecks
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Canada’s lumber producers ought to be enjoying the fruits of a U.S. housing recovery. Trouble is, they can’t take full advantage of it. The forestry companies say that a shortage of…
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.