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 Prices Down Sharply; Montana’s Tricon Timber Announces Layoffs
A weak Loonie, an expiring softwood agreement and poor demand from Asia has lumber prices down sharply in the Pacific Northwest. F.H. Stoltze Land and Lumber in Columbia Falls has not had any layoffs due to the poor pricing, general manager Chuck Roady said Monday,...
Plum Creek, USDA Support Promo Effort
Article by Dan Shell, Managing Editor Recent announcements dovetail nicely with the SmartLam feature article running in this issue on page 32 that details the background, current operations and future plans of the first U.S. cross laminated timber (CLT) plant in...
Canfor Announces Acquisition Of Arkansas’ Anthony Forest Products
Canfor Announces Acquisition Of Arkansas’ Anthony Forest ProductsCanfor Corporation announces that it has entered into an agreement to purchase Anthony Forest Products Company located in El Dorado, Arkansas for a purchase price of $93.5 million US that includes...
Plum Creek Donates Lumber To Montana Habitat For Humanity Project
Plum Creek recently donated nearly 1,000 manufactured lumber studs to Habitat for Humanity of Flathead Valley. The donation will kick off construction for the two new single family, three bedroom homes in Spring Creek Estates in Kalispell. The families for these homes...
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.