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
That Arizona Project Can’t Find Its Footing
Story by Rich Donnell, Editor-in-Chief We had our doubts, and it seems everybody else did as well. Back in May 2012, the U.S. Forest Service selected a company nobody had ever heard of, Pioneer Forest Products, to perform restoration thinning on 300,000 acres over 10...
Future Looks Much Brighter For Western Forest Products
All indications are that the future may be bright for Western Forest Products, which operates two sawmills in Nanaimo, and the province's forest industry after years of struggle. WFP, one of the largest forest companies in the province, reported in May that it had...
Alaska Sawmill Destroyed By Fire
One of the last major Alaska sawmill operations in Wrangell has been destroyed by fire. Mike Allen Enterprizes burned to the ground in Tuesday’s mid-afternoon fire at 13 Mile Zimovia Highway. The distance as well as unreliable phone service made firefighting a...
Montana Sawmill Gets $650K Loan For New Employees, Equipment
A Montana sawmill has received $650,000 to fund new equipment and hire more employees. Pyramid Mountain Lumber Co. plans to bump production as much as 10 percent with new equipment bought with a state revolving fund loan. “We’re the third loan since all these funds...
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.