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
U.S. Lumber Lobby Threatens To Thwart Canada In Trade Deal
The powerful softwood lumber lobby in the United States is suggesting it could thwart Canada's efforts to join a Pacific free trade zone if its neighbor refuses to address long-standing irritants. Zoltan van Heyningen, executive director of the U.S. Lumber Coalition,...
U.S. Claims B.C. Loggers Violating Softwood Lumber Deal
The American lumber lobby says the B.C. government has been under-charging coastal forest companies for timber harvested on Crown lands to the tune of $70 million a year. And that throws into question the accuracy of B.C.'s marketpricing system, according to the U.S....
Boise Kinzua Sawmill
Boise Kinzua SawmillPILOT ROCK, Ore. - When it acquired the northeast Oregon mill here three years ago, Boise Cascade LLC sought to avoid the impression of big corporate culture “taking over” the facility, says Plant Superintendent Mike Zojonc. “There had always been...
Nurturing Innovation
You’re in a meeting. The flip chart reflects what everybody already knows—sales are in the tank and the company is close to flatlining. What to do? For the next few minutes you are admonished to “think outside the box” and so begins another fruitless brainstorming...
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.