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
Canadian Forest Industry Applauds Pacific Trade Talks
The Forest Products Association of Canada (FPAC) welcomes the government’s acceptance into negotiations to reach a Trans Pacific Partnership (TPP) aimed at reaching a free trade deal with a group of important markets including Australia, Vietnam, and Peru. Canadian...
Vancouver Sawmill Set For Millions Of Dollars In Upgrades
A Vancouver-based manufacturer of wood products has an ambitious plan to operate the largest single line sawmill on the coast of British Columbia. Western Forest Products Inc. plans to invest millions of dollars to upgrade the infrastructure at its facility on...
Resolute Forest Products Now World’s Largest Manager Of FSC Certified Forests
Resolute Forest Products (RFP) and the World Wildlife Fund (WWF) are pleased to announce that Resolute has become the largest manager of Forest Stewardship Council (FSC) certified forests in the world. The company recently certified 3.2 million hectares (7.9 million...
USFS To Grant Tricon Timber Project An Extension
A quandary that threatened the existence of one of the few large sawmill operations left in Montana moved toward resolution last week. A spokeswoman said Sen. Jon Tester had just received written assurance from the U.S. Forest Service that Tricon Timber’s Aug. 12...
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.