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
Katerra Merges With KEF Infra, Already Has $3.7 Billion In Bookings
Katerra Merges With KEF Infra, Already Has $3.7 Billion In BookingsOffsite design-build company Katerra and India-based manufacturing technology company KEF Infra have announced a merger that will see the newly formed KEF Katerra begin conducting operations in India...
Massachusetts Sawmill’s Planned Biomass Plant Met With Opposition
Massachusetts Sawmill’s Planned Biomass Plant Met With OppositionA long-planned wood-gasification plant for Roberts Brothers Lumber Co. has drawn fire from dozens of residents around the region, even though the business says it has no firm plans at this time for the...
Vicksburg Forest Products Upgrading Mississippi Sawmill, Creating Jobs
Vicksburg Forest Products Upgrading Mississippi Sawmill, Creating JobsVicksburg Forest Products is opening a lumber mill in Vicksburg, Mississippi. After significant upgrades and modifications are complete, the multi-million dollar corporate investment will create 125...
High Lumber Prices Boosting Maine’s Forest Industry
Prices for wood to build and renovate houses have as much as doubled over the past six months, increasing costs for consumers but boosting Maine’s softwood sales and signaling a turnaround in that segment of the forestry market, industry experts say. A number of...
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.