Header: Header: Header:

Housing Starts Dip, Permits Still Gain

Following two months of uptick, U.S. housing starts declined 7% in July from June 2021, showing a seasonally adjusted rate of 1.534 million, which was 2.5% above July 2020, 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 an annual rate of 1.11 million, down 4.5% from June, but up 11.7% over a year ago. Multi-family (five units or more) came in at 412,000, down 13.6% from the previous month and down 16.3% from a year ago.

Housing building permits were at a seasonally adjusted rate of 1.635 million in July, 2.6% above the previous month, and 6% over a year ago. Single-family permits came in at 1.048 million, down 1.7% from June and up 5.5% from the same period last year. Multi-family reached 532,000 in July, up 11.1% over the previous month and ahead of last year by 6.4%.

RELATED ARTICLES

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

USNR, WFG Sold To Equity Firm

One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the previously announced acquisitions of USNR and Wood Fiber Group. OEP reports it subsequently merged the two businesses, with projected 2021 revenues greater than $500 million…

Single-Family, Multi-Family Starts Flourished In November

U.S. housing starts increased a whopping 11.8% in November over October to a seasonally adjusted annual rate of 1.679 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential…

2021 Will Go Down As One Busy Year

Article by Rich Donnell, Editor-in-Chief, Timber Processing December 2021 – As the year winds down, we once again take a quick look back through it. Needless to say, everything that happened rode on the dark wings of the pandemic…

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.