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
IFG Closing Tricon Timber
Officials with Idaho Forest Group announced at the end of August the closure of its St. Regis, Mont. sawmill in late November. The company had acquired the mill in 2017 from Tricon Timber. A post on IFG’s website from August 2019 noted the company had added a sprinkler system, replaced some older equipment and…
NewLife Gains Full Production
NewLife Forest Restoration has ramped up production at its new engineered wood products plant in Bellemont, Ariz., while also increasing forest restoration work in service of its 4 Forest Restoration Initiative (4FRI) Phase 1 Forest Service stewardship contract that seeks to thin and treat…
Labor, Materials Issues Cause Project Delays
The same labor availability issues that have plagued forest products manufacturers since the COVID pandemic began are also plaguing builders as the economy seeks to rebound. According to a survey of more than 2,000 construction companies…
SFPA Expo Gets It Done, TP&EE 2022 Next Up
Article by Rich Donnell, Editor-In-Chief, Timber Processing September 2021 – A tip of the cap goes to Eric Gee, executive director of Southern Forest Products Assn., and his SFPA team for producing an excellent machinery exposition in mid-August at the Georgia World Congress Center in Atlanta…
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.