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
Hoffman Companies Acquires Besse Forest Products Group
The Hoffmann Family of Companies (HFOC), a Florida-based family-owned private equity firm, has acquired Besse Forest Products Group, the longstanding Michigan-based family-run company with 10 manufacturing facilities, including four sawmills, a lumber drying concentration yard, four veneer mills and a cut-to-size plywood mill.
Roseburg Names Tony Ramm Senior VP
Roseburg announced that Tony Ramm has been named Senior Vice President of Human Resources and Labor, overseeing the company’s human resources, benefits and compensation, recruitment, and environmental health and safety teams.
When He Talks People Listen
Article by Jessica Johnson, Senior Editor, Timber Processing January/February 2024
Some of the smartest men and women in the industry have graced the pages of this magazine—and have won the award of Timber Processing Person of the Year. They’ve all been incredibly worthy of this recognition for innovation, commitment and love of the industry they serve. Perhaps none have been quite as innovative as the introverted sawmiller from Georgia named Levi Anderson Pollard, V, whose name is on two of the patents that changed the way the sawmilling world manufactures and dries lumber (and on so many other patents as well).
Industry Says Goodbye To Walter Jarck
Walter Jarck, whose career in the forest products industry spanned 65 years and ranged from logging machinery to engineered wood products, died January 3, surrounded by his children, in North Wilkesboro, NC. He was 92.
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