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
2013 Uplifting, Brighter 2014
2013 Uplifting, Brighter 2014Article by Jessica Johnson, Associate Editor, Timber Processing What a year 2013 turned out to be! As one of the “new kids on the block” in sawmilling, I definitely found this year to be an interesting one. I’ll spare the details of my...
Report Warns Climate Change Could Trim Tree Supply For B.C. Lumber Industry
Canada’s forest products industry is booming but faces a long-term threat from climate change, according to a new federal report tabled in the House of Commons. The industry, while enjoying thriving and growing markets in Asia and a rebound in U.S. housing...
Canadian Sawmill Equipment And Engineering Company Expands Into U.S.
Canadian Sawmill Equipment And Engineering Company Expands Into U.S.The BID Group of Companies, started two generations ago in Vanderhoof, has grown to be a conglomerate of companies still based primarily in the hometown of the founding Fehr family, although it also...
U.S. Lumber Prices Face Pressure On Seasonal Change, Supply Increases
U.S. lumber prices are getting chopped after notching seven-month highs, as the market hunkers down for a seasonal decline in construction and expected higher production next year. But demand for U.S. boards and planks from China, Japan and the Caribbean to structure...
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.