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
Winslow Wood Mill Set For 2013
A Montana-based company won a contract Friday for the biggest-ever thinning project in U.S. history designed to restore northern Arizona forests to health. Pioneer Associates of Billings, Mont., will use the wood from 300,000 acres to feed a wood products mill that it...
UFP Purchases Alabama-Based Manufactured Housing Supplier
Universal Forest Products, Inc. recently announced that a subsidiary of the Company has purchased certain assets of Haleyville, Ala.-based MSR Forest Products, LLC, a supplier of roof trusses and cut-to-size lumber to the region's manufactured housing producers. The...
Wood Products Industry Leaders Take To Capitol Hill
Representatives from the wood products community are on Capitol Hill this week meeting with members of Congress to discuss federal issues affecting their industry and its more than 300,000 workers. The American Wood Council (AWC) Fly-In has gathered industry leaders...
Oregon Wood Products Sector Makes Slow Turn Upward
The international markets didn't register a ripple, but on April 9, Arnie Swan drove 25 minutes from his home and reported to work at Boise Cascade's veneer plant. He's a new hire, not a worker called back from one of the layoffs and shutdowns that have dogged 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.