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
Interfor Permanently Closes Its Beaver-Forks Mill Operations
Interfor Permanently Closes Its Beaver-Forks Mill OperationsInterfor has pulled the plug on its West End operations, planning to close two facilities and consolidate production in Port Angeles, the timber company announced Thursday. The closure affects 52 workers at...
U.S. Timberland Prices Gain Despite Lumber Slowdown
U.S. timberland accelerated its price growth, despite some lumber market concerns centered on China and the domestic market, which prompted one of the top forestry groups to warn on profits. U.S. timberland prices were 7.2% higher in the April-to-June quarter than a...
We Knew That Canada Liked Us, But Not This Much
Gee, those Canadian forest products companies apparently grew increasingly perturbed about those taxes the U.S. has been putting on Canadian softwood lumber all of these years. They finally figured out—why ship lumber to the U.S. South, when you can go down there and...
WorkSafeBC Fines Lakeland Mills $724,000 For 2012 Sawmill Explosion
WorkSafeBC has imposed fines totaling $724,163.28 on Lakeland Mills Ltd., owners of the Prince George sawmill that exploded in 2012 killing two workers and injuring many more. In a news release Tuesday, WorkSafeBC said Lakeland Mills Ltd. was in violation of 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.