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
Lumber Suppliers Outrun Housing’s Otherwise Wooden Recovery
A healthier economy, stable job growth and low mortgage interest rates have led to a slow but steady recovery in the housing market after seven lean years of new home construction. Moreover, home prices continue to increase across the country, resulting in increased...
Oregon Timber Execs, Senator Call For New Softwood Lumber Deal
Fording a flood of cheaper lumber imported from Canada, local lumber interests met with U.S. Senator Ron Wyden Tuesday to jointly call for a new trade agreement or risk whittling the industry at home. “What we need is a fair system that allows individuals and...
Housing Boom Spurs Canada Lumber Surge As U.S. Mulls Import Duty
With Americans buying more new homes than at any time since the recession, the cost of the wood used to build them is rising. Lumber prices are off to their biggest rally in more than a decade, touching a 19-month high last week as demand increased from builders. But...
Some People Did Know Everything
Some People Did Know EverythingArticle by Rich Donnell, Editor-in-Chief, Timber Processing, August 2016 As this issue’s article on the Swanson Group upgrade of its sawmill in Roseburg, Ore. makes quick mention of, there’s a lot of history at that site, which was 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.