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
Developer Breaks Ground On All-Timber Office Building In Minnesota
Developer Hines has broken ground in Minneapolis' North Loop on its all-timber office building, the first commercial property in the U.S. to use an engineered wood material for its interior and structure. The Houston-based real estate company announced Monday the...
Oregon’s Seneca Sawmill Co. Breaking Ground On $60 Million Upgrade
Seneca Sawmill Co. announced Friday it has started a $60 million upgrade of its west Eugene lumber mill. Paving crews were flattening a corner lot of Seneca’s Highway 99 mill site Friday to prepare for construction of two dry kilns, part of what Seneca described as a...
TP&EE 2016: Go Ahead And Mark The Dates
Article by Rich Donnell Editor-in-Chief As usual we enjoyed our exhibit experience at the Southern Forest Products Assn. exposition in the Georgia World Congress Center in Atlanta June 10-12. While it’s always great to see “old” faces, we especially like seeing some...
Oregon’s Banks Lumber Has Eye On Future Expansion
Voters in Banks brought about 200 acres of additional land into city limits last November and they'll decide on two more property annexations in September 2015. This time around, though, the land being voted on totals only about 8 acres, and none of it is slated for...
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.