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.
RELATED ARTICLES
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
Canada, U.S. Far Apart On Softwood Lumber
Canada, U.S. Far Apart On Softwood LumberWith a fall deadline approaching, Canada's chief negotiator in the softwood lumber talks with the United States says the two sides remain far apart on several key issues. Martin Moen told a parliamentary committee on Thursday...
Weyerhaeuser To End Production At Montana Mills This Week
Seventy years of lumber production will come to an end this week when the Weyerhaeuser Company starts to shut down its lumber and plywood mills in Columbia Falls. Weyerhaeuser Montana Resources Team Leader Tom Ray said lumber production will end Aug. 19, although some...
Lumber Suppliers Outrun Housing’s Otherwise Wooden Recovery
A healthier economy, stable job growth and low mortgage interest rates have led to a slow but steady recovery in the housing market after seven lean years of new home construction. Moreover, home prices continue to increase across the country, resulting in increased...
Oregon Timber Execs, Senator Call For New Softwood Lumber Deal
Fording a flood of cheaper lumber imported from Canada, local lumber interests met with U.S. Senator Ron Wyden Tuesday to jointly call for a new trade agreement or risk whittling the industry at home. “What we need is a fair system that allows individuals 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.