U.S. Housing Starts Fall While Building Permits Rise
U.S. housing starts fell in August from July, at a seasonally adjusted rate of 1.283 million, down 11.3%. Single-family starts were at a rate of 941,000, 4.3% below July, while multi-family starts were the primary culprit at 334,000, down 26.3%, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Housing starts had increased 4% in July over June, with single-family increasing 6.7% in July over June.
Building permits in August were 1.543 million, almost 7% above July. Single-family permits were 949,000, 2% above July, and multi-family was 535,000, up nearly 15%.
RELATED ARTICLES
Single-Family Starts Lead U.S. Housing Rebound In July
Housing Starts Decline, But Still Steady
Housing Starts Come On Like Gangbusters
Housing Starts Increase In April
Single-Family Housing Starts Show Strength
U.S. Housing Starts Rebound In February
Latest News
Washington State Hit With Three Lawsuits
Washington State Hit With Three Lawsuits Following the late 2019 release of a plan to conserve marbled murrelet habitat on state-owned timberland…
R-Y Timber Juggles Sawmill Production
Officials with RY Timber in Townsend, Mont. announced the company would indefinitely close its Townsend sawmill, and in turn expand operations at its Livingston…
U.S. Commerce Looks At Moldings, Millwork
U.S. Secretary of Commerce Wilbur Ross announced the initiation of new investigations to determine whether wood moldings and millwork products from Brazil…
Family Matters To Fritz Mason
Article by Jessica Johnson, Senior Associate Editor, Timber Processing January/February 2020 – It’s time for the 32nd annual announcement of the Timber Processing Person of the Year—a time that always excites me. I am a bit of a person of the…
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.