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
Resolute Forest Products Halts Canadian Timber Operation
High fiber costs and low market values have forced Resolute Forest Products to suspend indefinitely its wood-cutting operations in Quebec's Mauricie region near Trois-Rivieres. The suspension, which took effect November 27, affects at least 180 jobs. The Mauricie...
Montana Timber Industry Facing Increasingly Tough Times
At Sun Mountain Lumber in Deer Lodge, about 50 of its 160-person workforce got pink slips this fall – but owner Sherm Anderson says the sawmill and timber company is still losing money. “We laid off one shift, and all that does is slow down the bleeding, to where you...
Colorado Billionaire Conservationist Proposes Huge Sawmill
Colorado Billionaire Conservationist Proposes Huge SawmillHedge-fund manager and renowned conservationist Louis Bacon plans to build a large sawmill in the San Luis Valley to help process timber harvested from his Trinchera Blanca Ranch, the largest contiguous ranch...
Roseburg Forest Products Names New President
Roseburg Forest Products Names New PresidentAllyn Ford, CEO and president of Oregon-based Roseburg Forest Products, announced that the Ford Family and the Roseburg Board of Directors have chosen Grady Mulbery to assume the role of Roseburg President effective January...
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.