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
Boise Kinzua Sawmill
Boise Kinzua SawmillPILOT ROCK, Ore. - When it acquired the northeast Oregon mill here three years ago, Boise Cascade LLC sought to avoid the impression of big corporate culture “taking over” the facility, says Plant Superintendent Mike Zojonc. “There had always been...
Nurturing Innovation
You’re in a meeting. The flip chart reflects what everybody already knows—sales are in the tank and the company is close to flatlining. What to do? For the next few minutes you are admonished to “think outside the box” and so begins another fruitless brainstorming...
Idaho’s Emerald Forest Products Begins Reopening Process
May 15 is the estimated startup date for the Emerald Forest Products sawmill, according to owner Dick Vinson. “There’s lots of work going on at the site,” Vinson said. This includes completing a new stack system, installing new equipment and changes to the dry kilns....
Lumber Quality Workshops Coming To Atlanta In May
The 29th Annual Lumber Quality & Process Control Workshop will be held May 7-8 in Atlanta, Ga., followed by the 24th Annual Lumber Quality Leadership Workshop on May 9-10. The Lumber Quality & Process Control Workshop, held in Atlanta for Southern lumber...
Can Wooden Skyscrapers Transform Concrete Jungles?
Instead of concrete jungles could our cities become urban forests of wooden skyscrapers? Swapping cement and steel for timber is the vision of a number of environmentally-minded architects who are planning high-rise buildings across the world. Architect Michael Green...
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.