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
Canfor Closures Causing Ripples
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Canfor Corp., which announced in early September the closure of its Vanderhoof and Fort St. John sawmills in northern British Columbia, citing ongoing financial losses, weak lumber markets, and increased U.S.…
Vermont Announces Business Loan Program
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided…
Sierra Pacific Plants 300 Millionth Seedling
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Sierra Pacific Industries reported the planting of its 300 millionth seedling on its timberlands this spring. “I wouldn’t have imagined 75 years ago when we started with no land and one…
Fulghum Commissions 170 ft. Crane In Arkansas
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Fulghum Industries, Inc. is pleased to announce the commission of the recently installed 170 ft. 45 ton log crane for the modernization project of PotlatchDeltic, Waldo, Ark. The crane will be…
Auburn University Announces Agenda For CLT Conference
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The Auburn University College of Forestry, Wildlife and Environment (CFWE) has unveiled its roster of speakers and conference agenda for the upcoming 2024 cross-laminated timber (CLT) conference to be held this…
Besse Forest Products Closes Three Veneer, Lumber Operations
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Officials with Michigan-based Besse Forest Products recently announced the closure of three plants in Wisconsin that will result in more than 130 employees being laid off. The mills affected are Goodman…
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.