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
U.S. And Canada Begin Lumber Trade Talks
Ottawa and Washington have begun talks toward renewing a pact regarding the export of Canadian lumber to U.S. markets, Canada's trade minister, Chrystia Freeland, told lawmakers here Thursday. Ms. Freeland said Canadian negotiators were in Washington last week to meet...
Saving America’s Forests One Wooden Building At A Time
If the invention of steel forged the high-rise, the iconic building's future may be pine. This fall, the future will be under construction in the United States. A 12-story high-rise built primarily of wood is set to go up in Portland, Ore., like giant Lincoln Logs...
Laid-Off California Sawmill Workers Get Aid
Third District Supervisor Mark Lovelace expects the county to chip in quickly with job replacement services for the 123 employees who will be laid off in March and April in the phased closing of the Sierra Pacific Industries (SPI) sawmill in Manila. Lovelace cited the...
B.C. Premier: Softwood Lumber Deal ‘Central’ To Canada-U.S. Relationship
B.C. Premier Christy Clark is expressing hope the Trudeau government can overcome U.S. resistance and renew a softwood lumber deal that brought peace to Canada-U.S. trade relations a decade ago. "The last time … relations around softwood lumber went sideways,...
One Woman To Another
One Woman To AnotherArticle by Jessica Johnson, Associate Editor, Timber Processing January/February 2016 It only took us 28 years. I probably wrote six drafts of the article that begins on page 14. I had scribbled in the margins of my planner, on the back of my...
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.