U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. housing starts in August jumped 12.2% over July to an annual rate of 1.575 million, breaking a three month losing streak, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts increased 3.4% to 935,000, and multi-family (five units or more) were 621,000, up an impressive 28.6% over July.
Building permits, however, dipped 10% to 1.517 million, with single-family at a rate of 899,000, down 3.5%, and multi-family at 571,000, a decline of 18.5%.
Housing completions were at an annual rate of 1.342 million in August, down 5.4% from July, though single-family was up 0.4% to 1.017 million, while multi-family at 318,000 was down 20.7%.
RELATED ARTICLES
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Latest News
Will Strong Lumber Prices Bring A New Dawn For U.S. Producers?
In the last few months, lumber supply from Canada, United States' biggest lumber provider, was shaken by a slew of factors like insect attack, forest fires and shortage of transportation. President Trump's decision to impose a huge tariff on lumber imports from Canada...
‘Staying Power’ Has Meaning
You may notice that this issue includes the 40th annual Lumbermen’s Buying Guide. Wow, 40! It kind of snuck up on me. I’ve been writing on these pages for 35 of those years, which means…
Rex Lumber Officially Begins Construction On Alabama Sawmill
Rex Lumber Officially Begins Construction On Alabama SawmillConstruction has begun on a new state-of-the-art lumber mill in Pike County. Rex Lumber officials and county and state dignitaries dug their shovels into the dirt for the first time on the 214-acre site that...
OSU Gets Grant For Cross-Laminated Timber Research
Oregon Senators Jeff Merkley, the top Democrat on the Senate Appropriations Agriculture subcommittee, and Ron Wyden announced Thursday that a nearly half-million dollar U.S. Department of Agriculture grant was awarded to Oregon State University for research on the...
Freres Lumber Representatives Visit Japanese Wood Products Manufacturers
Freres Lumber Representatives Visit Japanese Wood Products ManufacturersOne of the best aspects of our industry is how open and inviting other producers are to visitors. It is a fact that in the wood products industry some of our fiercest competitors may also be our...
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.