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
Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million…
Boise Cascade Curtails Chapman Sawmill
Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, Ala. The curtailment will affect 80 positions. The plywood operations at the Chapman location are not part of the curtailment. Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024…
WWPA’s Mathews Leaves A Legacy
James R. Mathews, known by most as Jim, was a WWPA Lumber Inspector and Master Lumberman, but is most remembered by his colleagues and those in the industry as a great friend and mentor. He died at the age of 74. Mathews spent 42 years working in the lumber industry. He began his career with Weyerhaeuser Co., Klamath Falls, Oregon in 1970. He worked in most of the planer mill positions until moving into the lumber grading department as a student grader in 1972…
WWPA Opens 2024 Master Lumberman Nominations
WWPA is now seeking nominations for its 2024 Master Lumberman honors, to be presented at the WWPA Annual Meeting, April 15, 2024. Master Lumberman is the industry’s highest career achievement recognition for lumber manufacturing and quality control employees working in Western sawmills…
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.