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
Sierra Pacific Buys Oregon’s Seneca
Sierra Pacific Industries (SPI) is acquiring Oregon-based Seneca and affiliates, combining two family-owned forest products businesses with strong historical roots on the West Coast. Founded in 1953, Seneca operates a 175,000 acre…
Search NA Announces New President/Owner
Search North America is pleased to announce that Richard Poindexter will be succeeding Carl Jansen as the new President, Owner and Senior Recruiter of Search North America. Search North America is a search, recruiting and placement…
Skeena Sawmills Purchases GradeScan System
Skeena Sawmills has purchased a GradeScan with Perceptive Sight 2.0 from Lucidyne and Wolftek (Lucidyne’s Canadian distributor) for installation in their Terrace, BC planer mill. After closely watching the performance of Lucidyne’s GradeScan…
Housing Starts Dip, Permits Still Gain
Following two months of uptick, U.S. housing starts declined 7% in July from June, showing a seasonally adjusted rate of 1.534 million, which was 2.5% above July 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and…
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.