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 Workers Get Four Years Of Pay Increases
A union representing workers at Canada’s biggest forest products company, Resolute Forest Products, has ratified a new four-year collective agreement covering approximately 2,000 employees at 11 of the company's mills in Ontario and Quebec. A spokesperson for Unifor...
Oregon’s Rough & Ready Lumber Rehires Many Of Its Workers
Lonnie Rollins, Larry Mason and Lonnie Adams wore big smiles last week as they chatted with Rough & Ready Lumber owner Jennifer Phillippi. The three men with 75 years of combined experience at the mill were rehired in the past few months, after the entire...
Lumber Exports Will Drive B.C. Economy, Says Export Development Canada
Export Development Canada (EDC), the federal Crown corporation that provides financing to Canadian exporters, is forecasting that an increase in lumber shipments overseas will drive the B.C. economy for the next two years. The forestry sector is predicted to grow by...
LP’s $1.1 Billion Acquisition Of Ainsworth Lumber Stymied By Regulators
The $1.1-billion acquisition of Vancouver-based Ainsworth Lumber Co. appears to hit a wall with regulators. Louisiana-Pacific Corporation announced in September 2013 it was buying the B.C. company. But Louisiana-Pacific CEO Curt Stevens announced in a May 8 earnings...
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.