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
U.S. Lumber Prices Soften In Seasonal Slowdown
U.S. lumber prices softened in mid-September on a seasonal lull in construction industry orders during another year in which hopes for strong gains in housing starts were disappointed, industry experts said. The framing lumber composite…
Behind The Scenes
Story by David Abbott, Senior Associate Editor In late July and early August my job took me to Ohio and West Virginia, primarily on behalf of companion periodical Timber Harvesting magazine. I was assigned to…
Washington’s Simpson Lumber Company Explores Possible Sale
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Privately owned Simpson Lumber Co. with mills in Tacoma, Longview and Shelton and the Southeast, is on the sale block. The Tacoma-based company has hired a financial adviser to explore the…
New Arizona Sawmill Brings Jobs, Helps Thin Forests
A new Arizona sawmill opened Monday west of Flagstaff after two years of planning. Newpac Fibre, LLC opened its sawmill in Williams at the location of a former sawmill site that closed in 1995. The…
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.