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
B.C.’s High-Tech Sawmills Help Manage Post-Beetle Supply Drop
B.C.’s Interior forestry industry is counting on cutting-edge sawmill technologies to soften the blow of the heavily reduced annual allowable cut anticipated in the wake of the mountain pine beetle infestation. “The worst-case scenario is that the [annual allowable...
Canfor Reaches Agreement To Buy Three Mills In U.S. South
Canfor Reaches Agreement To Buy Three Mills In U.S. SouthCanfor Corp. announced it has reached an agreement to purchase three sawmills in the southern U.S., marking the third major purchase in the region this year by a B.C. forest company. "Basically, we have a...
To Sell, Or Not To Sell, That Is The Question
Story by Rich Donnell, Editor-in-Chief Am I going to wake up one morning and find that the Southern independent lumberman is extinct? Surely he’s already on the EPA endangered species list, or at least the EPA threatened species list. Do I exaggerate? In reality,...
West Coast Lumber Exports Decrease
Lumber exports from the West coast decreased 7 percent in the first quarter of 2013 according to a Forest Service research economist. Log exports increased by 16 percent: from 362 million board feet in the first quarter of 2012, to 420 million board feet in the first...
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.