Header: Header: Header:

U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

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.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381402298-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381461985-0'); });

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

Single-Family Housing Starts Go Up

U.S. Housing Starts Show Big Increase

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Latest News

Chemicals Business Rebrands As Arxada

LSI, a global specialty chemicals business with leading positions in Microbial Control Solutions (MCS) and Specialty Products Solutions (SPS), has rebranded as Arxada. The new name follows the company’s launch as an independent business in…

Housing Starts Show Modest Decline In September

U.S. housing starts dipped slightly in September to a seasonally adjusted rate of 1.555 million, down 1.6% from August, but 7.4% above September 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing…

Wood Fiber Group Merges With USNR

USNR and Wood Fiber Group have announced their merger. USNR is an industry-leading global supplier of sawmill and plywood mill machinery, aftermarket parts, and technical and engineering services. Wood Fiber Group is the largest supplier…

Industry Patriarch Varn Passes

George W. Varn, Sr., who broke into the family turpentine business following World War II, and then along with a cousin built a chip mill and a sawmill in the late 1960s in Hoboken, Ga.,…

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });
Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

 

Subscribe Now
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.

Complete the form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us