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
Canfor Announces Capital Investments In Kootenay Sawmill Operations
Canfor Corporation recently announced that the company will be proceeding with capital improvement projects totaling approximately $40 million in its sawmill facilities in the Kootenay region of British Columbia. These investments represent the first major component...
B.C. Braces For Timber Supply Slump
Beetle-killed pine trees across the B.C. Interior will start to become uneconomical to log in the next two to five years, resulting a steep drop in timber supply and employment, according to a technical report prepared for the forests ministry. Cariboo North MLA Bob...
Explosions Trigger Safety Review Of B.C.’s Sawmills
Explosions Trigger Safety Review Of B.C.’s SawmillsWorkSafeBC has ordered sawmills across the province to immediately investigate sawdust levels and other possible workplace hazards in their facilities, saying the review is urgently needed given explosions at two...
GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to professional...
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.