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
Kalesnikoff Plans Mass Timber Plant
Kalesnikoff Plans Mass Timber PlantKalesnikoff Lumber Co. announced it intends to build North America’s most advanced, fully integrated, multi-species mass timber manufacturing facility in South Slocan, BC, which will create 50 jobs. Kalesnikoff’s $35 million mass...
MSU Building Using CLT, Glulam Products
MSU Building Using CLT, Glulam ProductsThe Michigan State University STEM Teaching and Learning Facility will be the first in Michigan to use mass timber wood products, rather than concrete and/or steel, for its load-bearing structure. The $100 million facility will...
Supply-Demand Beat Goes On
During my recent visit to Georgia-Pacific’s newly started up sawmill in Talladega, Ala., and during my discussions there about the fact that GP is building two additional sawmills (in Georgia)…
Cross City Mill Has New Life
Cross City Mill Has New LifeCross City Lumber, LLC, the former Georgia-Pacific sawmill in Cross City, Fla., is operating again under new ownership and recently named Wes Grant as President. GP stopped production in 2008 of what was one of the original chip-n-saw...
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.