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
Hampton’s Babine Sawmill To Be Rebuilt
Hampton Affiliates and the Burns Lake Native Development Corporation (BLNDC) recently announced that they intend to rebuild the Babine sawmill that was destroyed by fire on January 20th, 2012. Steve Zika, CEO of Hampton Affiliates,…
Bioenergy Key To Reopening Canfor’s Radium Sawmill
Canfor has begun the process of reopening its sawmill in Radium, B.C., and says bioenergy has been key for the company to get the operation up and running again. Canfor’s Radium mill was shut down…
California Governor Signs Bill Boosting State’s Timber Industry
Gov. Jerry Brown signed legislation Tuesday enacting a new tax on lumber sales and restricting legal damages for wildfires. The bill, AB 1492, was pushed through after midnight on the last day of the legislative…
Malheur Lumber To Postpone Closure
U.S. Senators Ron Wyden (D-Ore.) and Jeff Merkley (D-Ore.) announced on Tuesday that Malheur Lumber has agreed to remain open past its planned November closure, thanks to a commitment by the U.S. Forest Service to…
Lumber Markets In The U.S. Improving
The North American lumber market has, to a large extent, been a buyers market since the beginning of the financial crisis in 2008, but is now shifting to a sellers market with the increase in…
West Coast Log, Lumber Exports Down In First Half Of 2012
Log exports from Washington, Oregon, northern California, and Alaska totaled 736 million board feet in the first 6 months of 2012, a decrease of 25% compared to the same time last year, according to 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.