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
Appalachian Lumber Industry Shows Improvement After 2008 Recession
While the lumber economy is improving, it still has a long way to go to fully bounce back from the 2008 recession. For the consumer, this means cheaper prices for raw wood materials needed to build houses, make home repairs or other do-it-yourself projects. “Oh...
U.S. And Canada Begin Lumber Trade Talks
Ottawa and Washington have begun talks toward renewing a pact regarding the export of Canadian lumber to U.S. markets, Canada's trade minister, Chrystia Freeland, told lawmakers here Thursday. Ms. Freeland said Canadian negotiators were in Washington last week to meet...
Saving America’s Forests One Wooden Building At A Time
If the invention of steel forged the high-rise, the iconic building's future may be pine. This fall, the future will be under construction in the United States. A 12-story high-rise built primarily of wood is set to go up in Portland, Ore., like giant Lincoln Logs...
Laid-Off California Sawmill Workers Get Aid
Third District Supervisor Mark Lovelace expects the county to chip in quickly with job replacement services for the 123 employees who will be laid off in March and April in the phased closing of the Sierra Pacific Industries (SPI) sawmill in Manila. Lovelace cited 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.