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
Is The New Wood Bioenergy Market Going To Stick?
Story by Rich Donnell, Editor-in-Chief Your head would have to be buried in the sand to not hear or read about the ongoing developments in what we call “the new generation” wood bioenergy industry. Of course, many of you will recognize the new generation as similar to...
Optimizing The New Labor
Story by Dan Shell, Managing Editor Responding to an email follow-up question about sawmill labor, TP 2011 Man of the Year and WKO Inc. President Bill Wilkins wrote: “The issue of automated equipment not being programmed properly should keep mill owners awake at...
At Least, We’re Wiser
Story by Rich Donnell, Editor-in-Chief We appear to be ending 2010 about like we ended 2009—stuck in the housing mud. But as bad as it was economically, it wasn’t boring. Here’s a recap: Wood pellet plants and woody biomass power plants continued to be announced left...
All The World’s A Stage
Story by Rich Donnell, Editor-in-Chief Are you aware that Timber Processing magazine has gone global? We haven’t publicized this development much, so it may have slipped by you. This issue, for example, is in the hands of more than 1,200 sawmill owners, managers and...
Here’s The Pitch
Story by Rich Donnell, Editor-in-Chief I was in a good mood on a recent Friday, thinking ahead to the weekend and planning to watch college football, when our receptionist placed the Western Wood Products Assn. 2009 lumber production report on my desk. End of good...
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.