U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
U.S. housing starts continued to slip in June, coming in at a seasonally adjusted rate of 1.559 million, which was down 2% from May and down 6.3% from June 2021, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts were at a rate of 982,000 down 8.1% from May. However, multi-family starts (five units or more) made up some ground, reporting in at 568,000, representing a 15% increase over May.
U.S. housing building permits were at an annual rate of 1.685 million, down less than a percent from May. Single-family permits in June were rated at 967,000 down 8% from May; multi-family was 666,000, an increase of 13% over May.
U.S. housing completions were at a rate 1.365 million, down 4.6% from May. Single-family completions were rated at 996,000 in June, down 4.1% from May.
Housing starts were 1.601 million in 2021 and 1.379 million in 2020.
RELATED ARTICLES
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
Scotiabank Declares Lumber Its Top Investment Pick For 2013
After four years of being the forgotten commodity, lumber is back in the spotlight, named Scotiabank's top pick for investors for the coming year. "The investment sentiment has changed," said Patricia Mohr, vice-president of economics and a commodities market...
Klausner To Proceed Building $110 Million North Carolina Sawmill
Klausner To Proceed Building $110 Million North Carolina SawmillGov. Bev Perdue announced recently that Klausner Lumber Two, a privately-owned softwood timber manufacturer, will establish a state-of-the-art sawmill in Halifax County. The company plans to create 350...
EACOM Timber Corporation Approves USNR To Rebuild Timmins Mill
EACOM Timber Corporation Approves USNR To Rebuild Timmins MillEACOM Timber Corporation is pleased to announce that the Board has approved entering into an agreement with USNRKockums Cancar Inc. to rebuild the Timmins Mill. The total cost of the project is estimated at...
Canfor Announces Capital Investments In Elko Sawmill
Canfor Corporation announced today that the Company will proceed with capital investments totaling an estimated $40 million in its Elko sawmill, located in the Kootenay region of British Columbia. This investment is part of a multi-year capital investment program...
International Paper Selling Lumber Unit To Georgia-Pacific
International Paper Selling Lumber Unit To Georgia-PacificInternational Paper Co. is selling its building products unit to Georgia-Pacific LLC for $750 million cash, a move designed to sharpen focus on its massive packaging business. The sale had been expected since...
Higher Demand In The U.S. Increases U.S. Lumber Production and Imports
Higher lumber demand in the U.S. increased both U.S. lumber production and importation in the 3Q/12, but sawlog prices have remained unchanged since 2011, reports the Wood Resource Quarterly. The improved housing market in the U.S. the past four months has resulted in...
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.