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
“Top 20” Lumber Producers Report Indicates Renewed Industry Optimism
The latest Wood Markets annual survey of the “top 20” Canadian and U.S. softwood lumber producers shows an uneven trend across North America for 2012: U.S. softwood lumber production increased 6.3% to 28.5 billion bf,…
U.S. Housing Starts Surge 27 Percent Above 2012 Rate
Housing starts in February rose 0.8% from January, to a seasonally adjusted annual rate of 917,000, the Census Bureau said Tuesday. The rate is 27.7% above February 2012. Single-family starts were running at a 618,000…
Wyoming Governor Marks Sawmill’s Startup and Celebrates New Jobs
Wyoming Governor Matt Mead attended a ribbon cutting today at the Saratoga Forest Management Mill. The sawmill is up and running again after closing down in 2003. The mill will employ a total of 80…
Lumber Futures Climb To 8-Year High
Lumber futures have climbed to their highest level since 2005 and they have gained around 9% this year, with most of that gain seen just this month as the outlook for U.S. housing improves. “Lumber,…
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.