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
Happy New Year
Timber Processing magazine wishes everyone a happy, blessed and prosperous 2012!
Merry Christmas
from Timber Processing magazine!
Maine Executive Order Puts Forest Certification On Equal Footing
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Maine Governor Paul LePage signed an executive order today directing that “any new or expanded state buildings shall incorporate ‘Green Building’ standards that give certification credits equally to forest products grown,…
National Softwood Lumber Board Appointed
The U.S. Dept. of Agriculture has appointed 19 representatives to serve on the first national Softwood Lumber Board to oversee the new “check-off” lumber promotion effort. Members will serve two-, three- or four-year terms. Members…
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.