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
Colorado Homebuilders Called To Use Beetle-Killed Timber
Colorado Homebuilders Called To Use Beetle-Killed Timber Senator Mark Udall recently called on Colorado homebuilders to use beetle-killed trees to build homes, thus clearing local forests of hazardous trees and creating jobs in the process. At an event showcasing a...
Washington Based Stimson Lumber Mill Facing Closure
Washington Based Stimson Lumber Mill Facing ClosureThe Washington State Employment Security Department said last week that the Stimson Lumber Mill in Arden, Wash. will layoff 67 of its workers in November and eventually shut down the mill. The 67 impending layoffs...
Bandit Industries Receives EPA Award
Bandit Industries, Remus, Mich., recently received an Environmental Protection Agency award in recognition of efforts to reduce hazardous chemicals through the National Partnership for Environmental Priorities (NPEP) program. The award was presented to Bandit...
Expo Was Good, But The News Upon Return Was Lousy
Expo Was Good, But The News Upon Return Was LousyArticle by Rich Donnell, Editor-in-Chief, Timber Processing 2011 We returned from the machinery show in Atlanta in a good mood. Despite the current housing quagmire, most exhibitors we talked to were pleased with the...
Coastal Lumber Ceases Operations
Coastal Lumber Ceases OperationsCharlottesville, Va. based Coastal Lumber Co., long a major hardwood lumber producer, closed operations in mid-August. The company laid off 200 employees and shut down five sawmills in West Virginia, nearly 70 employees and the sawmill...
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.