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 Review, Southern Pine Gets Good Report Card
The Southern Pine Inspection Bureau (SPIB) has submitted its proposed design values for all grades and sizes of visually graded Southern Pine dimension lumber to the American Lumber Standard Committee (ALSC), which will meet on…
Opportunities, Ideas Are Everywhere At TP&EE 2012
Story by Dan Shell, Managing Editor This month’s cover story on Columbia Vista Corp. shows that a sawmill doesn’t have to be a large organization to be successful, and doesn’t need massive resources to produce…
Hampton’s Babine Sawmill To Be Rebuilt
Hampton Affiliates and the Burns Lake Native Development Corporation (BLNDC) recently announced that they intend to rebuild the Babine sawmill that was destroyed by fire on January 20th, 2012. Steve Zika, CEO of Hampton Affiliates,…
Bioenergy Key To Reopening Canfor’s Radium Sawmill
Canfor has begun the process of reopening its sawmill in Radium, B.C., and says bioenergy has been key for the company to get the operation up and running again. Canfor’s Radium mill was shut down…
California Governor Signs Bill Boosting State’s Timber Industry
Gov. Jerry Brown signed legislation Tuesday enacting a new tax on lumber sales and restricting legal damages for wildfires. The bill, AB 1492, was pushed through after midnight on the last day of the legislative…
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.