Housing Starts Decline, But Still Steady
U.S. housing starts were down 8% in June from May to a seasonally adjusted rate of 1.434 million. May’s 1.6 million rated starts had surprised everybody, increasing 20% over April. June single-family starts were at a rate of 935,000, 7% below May, while multi-family starts were 482,000, down 11.6% from May.
Building permits were at a rate of 1.440 million in June, down 3.7%, with single-family permits at 922,000, up 2.2% over May, and multi-family at 467,000, down 13.5%.
Housing completions were at a rate of 1.468 million, 3.3% below May, with single-family completions at 986,000, 2.8% below May, and multi-family at 476,000, down 2.5%.
June housing starts still represented the second highest monthly figure of 2023.
Latest News
Auburn University Announces Agenda For CLT Conference
Auburn University Announces Agenda For CLT ConferenceThe 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
Besse Forest Products Closes Three Veneer, Lumber OperationsOfficials 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.