Single-Family Starts Lead U.S. Housing Rebound In July
U.S. housing starts increased in July to a seasonally adjusted rate of 1.452 million, nearly 4% above June (and 6% above July a year ago). Single-family housing starts in July were at a rate of 983,000, 6.7% above June, while multi-family starts were 460,000, even with June, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Both single-family and multi-family starts had declined significantly in June from May, so the latest numbers offer some relief. Housing starts in July represent the second highly monthly adjusted annual rate of the year.
Building permits in July were 1.442 million, slightly above June, with single-family at 930,000, 0.6% above June, and multi-family at 464,000, down a fraction from June.
Housing completions were at a rate of 1.321 million in July, down 11.8% from June. Single-family was 1.018 million, up 1.3%, while multi-family was 297,000, down a whopping 38.5% from June.
Latest News
Two Rivers Lumber Plans Second Alabama Mill
Two Rivers Lumber Plans Second Alabama MillTwo Rivers Lumber Co. plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company’s second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the...
C&D Lumber Announces Closure
C&D Lumber Announces ClosureOfficials with C&D Lumber in Riddle, Ore. recently announced the closure of the mill as of May 2, becoming the fourth sawmill in western Oregon to announce a closure since the start of the year. A reduced crew will work to run the...
Southern Cypress Manufacturers Assn. Elects 2024 Officers
Southern Cypress Manufacturers Assn. Elects 2024 Officers Members of the Southern Cypress Manufacturers Assn. (SCMA) elected officers for 2024 at the association’s Annual Meeting on March 25, in Charleston, South Carolina. Truss Beasley of Beasley Forest Products...
Roseburg Names Tony Ramm Senior VP Of Manufacturing
Roseburg Names Tony Ramm Senior VP Of Manufacturing Roseburg is pleased to announce that Tony Ramm has accepted the role of Senior Vice President of Manufacturing, effective April 8, 2024. Ramm will drive an increased emphasis on the sustainable, long-term success of...
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.