Multi-Family Leads Way In U.S. Housing Jump
After a downward slip in July, U.S. housing starts, riding a multi-family hike, increased to a seasonally adjusted rate of 1.615 million in August, 3.9% above July and 17.4% over August a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
While single-family starts came in at 1.076 million, down 2.8% from July, multi-family (five units or more) shot to 530,000, a whopping 21.6% increase over July and 60% above August a year ago.
Housing starts began a run of consecutive monthly jumps in August 2020 that carried through the end of the year.
Housing building permits were at a seasonally adjusted rate of 1.728 million, 6% above July and 13.5% over August a year ago. Single-family permits came in at 1.054 million, less than a percent above July and basically even with August a year ago. Multi-family permits were 632,000, nearly 20% above July and almost 53% above August a year ago.
RELATED ARTICLES
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
Daniels, Pannell Join Potlatch
PotlatchDeltic Corp. has announced that Ryan Daniels and Bobby Pannell have joined the Wood Products division, with Daniels serving as Director of Operations, responsible for leading the manufacturing teams at the six lumber facilities and the St. Maries plywood mill, and Pannell serving as Director of Engineering, responsible for leading the engineering, reliability, and continuous improvement team for the division…
Labor Department Slaps Sawmill Operator
U.S. Dept. of Labor obtained a federal consent order and judgment against a Northern sawmill operator following the death of a child due to an “industrial accident.” The order requires the company to place labels and signage to prevent children under age 18 from using dangerous equipment and entering the company’s sawmill and planer buildings…
U.S. Housing Starts Show Significant Jump In September
U.S. housing starts increased 7% in September from August, coming in at a seasonally adjusted rate of 1.358 million, 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 963,000, up 3.2%, and multi-family starts were 383,000, up 17%…
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.