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
Caddo River Forest Products To Reopen Arkansas Lumber Mill
Caddo River Forest Products To Reopen Arkansas Lumber MillCaddo River Forest Products announced they are planning to reopen the Glenwood, Arkansas sawmill. The company will invest up to $50 million in the facility, creating 136 new jobs with 200 to 300 new indirect...
Strong U.S. Housing Market Continues To Drive Recovery In Canada
Pre-tax profits in Canada's wood manufacturing industry are expected to grow from $1.1 billion in 2015 to just under $1.5 billion this year thanks to strong demand from the U.S., according to The Conference Board of Canada's Wood Products Industry Outlook. "With the...
Mass Timber Towers Becoming A Reality In U.S.
In October, developers will break ground on Framework, a 12-story, 130-foot-tall mixed-use tower in Portland, Ore., designed by local firm Lever Architecture. Fast on its heels is SHoP Architects’ 475 West 18th Street, a 10-story, 120-foot residential tower in the...
Virginia Sawmill Announces $3 Million Investment
Gregory Lumber Inc. — a large, family-run sawmill in Java that has been in operation for almost 30 years — is in the midst of an expansion that will increase its production by 50 percent. Todd Haymore, the state’s secretary of agriculture and forestry, announced 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.