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
USFS To Grant Tricon Timber Project An Extension
A quandary that threatened the existence of one of the few large sawmill operations left in Montana moved toward resolution last week. A spokeswoman said Sen. Jon Tester had just received written assurance from the U.S. Forest Service that Tricon Timber’s Aug. 12...
B.C. Timber Panel Eyes Logging Protected Areas
A committee looking for ways to boost B.C.’s dwindling store of timber is looking at logging protected areas such as old-growth forests as one way out of a supply crunch. Other options include cutting greater volumes of “marginally economic” timber and pumping up...
Wood That Reaches New Heights
Among the many apartment buildings in the London borough of Hackney, the nine-story structure on the corner of Provost Street and Murray Grove stands out, its exterior a mix of white and gray tiles rather than the usual brick. But it’s what’s underneath this cladding...
Is Wood Dust The New Spotted Owl
Is Wood Dust The New Spotted OwlArticle by Dan Shell, Senior Editor, Timber Processing Following tragic and devastating explosions and fires at two British Columbia sawmills in Burns Lake and Prince George that killed four workers and injured dozens, leave it to...
Piece Of History Cut At Lumber Mill
It is not every day Sierra Forest Products sees logs like it saw last week — logs that had been preserved under water for the past 100 years. Cut up were two truck loads of sinker logs, logs that sink to the bottom of timber ponds, that have sat at the bottom of...
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.