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
USFS Awards Money To APA
The U.S. Forest Service, Forest Products Lab, has awarded APA—The Engineered Wood Assn. $331,000 to support several residential construction programs. The programs build on the successful Carbon Challenge design competition and seminars that were completed earlier...
Plus Ca Change, Plus ´c’est La Même Chose
Story by David Abbott, Senior Associate Editor I recently had occasion to browse through some of Hatton-Brown’s archives of Timber Processing’s illustrious past, material from long before my time. My research took me back 20 years exactly, to the 1991 bound volume,...
Colorado Homebuilders Called To Use Beetle-Killed Timber
Colorado Homebuilders Called To Use Beetle-Killed Timber Senator Mark Udall recently called on Colorado homebuilders to use beetle-killed trees to build homes, thus clearing local forests of hazardous trees and creating jobs in the process. At an event showcasing a...
Washington Based Stimson Lumber Mill Facing Closure
Washington Based Stimson Lumber Mill Facing ClosureThe Washington State Employment Security Department said last week that the Stimson Lumber Mill in Arden, Wash. will layoff 67 of its workers in November and eventually shut down the mill. The 67 impending layoffs...
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.