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
Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two Sawmills
Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two SawmillsThe Maine Technology Institute (MTI) recently awarded a $4,226,000 challenge grant from the Maine Technology Asset Fund 2.0 program to the Pleasant River Lumber Company. The $4.2 million will be used...
British Columbia Softwood Lumber Exports To U.S. Plunge 20 Percent
Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government. British Columbia - Canada's largest lumber-producing province - exported just over 514 million board feet of lumber to the...
Alabama’s Westervelt Company Plans New Sawmill
Alabama’s Westervelt Company Plans New SawmillA 130-year-old Tuscaloosa company is preparing to build a new lumber mill in south Alabama, which is expected to create more than 100 jobs and produce 250 million board feet of lumber annually. The Westervelt Co. said in a...
U.S. Softwood Lumber Consumption Likely To Reach Record Highs
U.S. consumption of softwood lumber is likely to reach record-highs by 2030 according to a new study from ForestEdge and Wood Resources International. The study forecasts that U.S. softwood lumber demand will grow at an annual rate of 2.3 percent through 2030, which...
To See The Future, First Look Back
Over the last few years it seems there has been a flurry of new mill announcements, startups and upgrades with new ones popping up every few days. The downside to some of those…
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.