Header: Header: Header:

U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month

U.S. housing starts, both single-family and multi-family, took a hard hit in July, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.

Combined housing starts were at a seasonally adjusted rate of 1.446 million, down 9.6% from June; single-family starts were 916,000, down 10.1% from June; and multi-family (five units or more) were 514,000, down 10%.

Building permits fared somewhat better, with combined permits at 1.674 million in July, down 1.3% from June; single-family was at a rate of 928,000, 4.3% below June; and multi-family was 693,000, up 2.5% from June.

Genoa Subdivision, Sandestin, Miramar Beach, Fla.

Housing completions were at a rate of 1.424 million, which was 1.1% above June; single-family completions were 1.009 million, down 0.8%; and multi-family was 412,000, up 6.7%.

U.S. single-family starts dropped for the fifth consecutive month.

Latest News

Zip-O-Log Mills Celebrates 80 Years

Zip-O-Log Mills Celebrates 80 Years Zip-O-Log Mills, Inc., a cornerstone of the Pacific Northwest lumber industry, proudly announces its 80th anniversary. This significant milestone celebrates four generations of dedication to quality, innovation, and exceptional...

Portland Show Will Honor Andy Pollard

Portland Show Will Honor Andy Pollard Timber Processing & Energy Expo (TP&EE) will officially present the Timber Processing 2024 Person of the Year Award to Andy Pollard of Pollard Lumber on Wednesday afternoon, September 25, which is the first day of the...

Sponsored Content Provided by Sennebogen

Simplify your operations with purpose-built machines from SENNEBOGEN Sponsored Content Provided By SennebogenSENNEBOGEN’s logging and wood handlers deliver high mobility to pick, stack, move, and load material to simplify your operations management. Our machines raise...

SFPA Receives $1.24M In RAPP Funding

SFPA Receives $1.24M In RAPP FundingThe Southern Forest Products Assn. (SFPA) has received approval for $1.24 million in funding over five years from the USDA Foreign Agricultural Service’s Regional Agricultural Promotion Program (RAPP). The USDA announced the funding...

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.