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
After 5 Years, Still No Klausner Lumber Mill In South Carolina
After 5 Years, Still No Klausner Lumber Mill In South CarolinaGerman-based Klausner Holding USA announced five years ago it planned to build a lumber mill in Orangeburg County. Company officials at the time anticipated breaking ground in 2014. The summer of 2017 has...
First Southeast U.S. CLT Plant Announced
First Southeast U.S. CLT Plant AnnouncedInternational Beams plans to build the first cross-laminated timber production facility in the Southeastern U.S. in Dothan, Ala. A 227,000 square foot facility, a vacated GE plant, will be the manufacturing site for the...
Mass Timber Gets The Nod For University Of Idaho’s New Basketball Arena
Mass Timber Gets The Nod For University Of Idaho’s New Basketball ArenaThe momentum for mass timber continues to gain strength and speed, with last week’s announcement that the University of Idaho will build its new $30 million basketball arena from wood. Why? Because...
CalAg Rice MDF Plant Is A Go
CalAg Rice MDF Plant Is A GoThe CalAg rice straw-based medium density fiberboard plant is becoming a reality. CalPlant I, as it is called, has completed and closed financing for a $315 million plant to be built in Willows, Calif. with a production capacity of 140MMSF...
U.S. Lumber Coalition Objects To Canada Subsidizing
The U.S. Lumber Coalition, a trade group that had been rallying against the extension of the Softwood Lumber Agreement with Canada, came out as expected against the Canadian government's plan to spend C$867-million in subsidies for Canadian softwood producers hurt by...
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.