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
Federal Judge: USDA Failed To Justify Rule Supporting Lumber Check-Off
The Department of Agriculture (USDA) failed to justify the amount of money it collects from U.S. lumber companies to support an industry marketing campaign, a federal judge ruled. Resolute Forest Products sued the Department of Agriculture in December 2014,...
USDA Awards Funds To Grow Wood Energy And Wood Products Markets
The U.S. Department of Agriculture's Forest Service Chief Tom Tidwell today announced over $8.5 million to expand and accelerate technologies and strategies that promote the use of wood in commercial construction, heat and power generation, and other wood product...
Sluggish Lumber Markets
Article by Dan Shell, Managing Editor Sluggish is the only way to describe it: the stop-and-start nature of the ongoing economic recovery, technically since mid-2009 according to economists’ definitions of recession and recovery. Recent headlines only three days apart...
New Bill Will Push Research For U.S. Wood Building Construction
A new bill from Congress would establish performance driven research for advancing tall wood building construction in the U.S. The “Timber Innovation Act” would: · Authorize the Tall Wood Building Prize Competition through the U.S. Department of Agriculture (USDA)...
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.