Header: Header: Header:

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

PTF BPI Announces 2023 Dates

The 7th biennial international Processing Technologies for the Forest and Bio-based Products Industries (PTF BPI) 2023 Conference will be held October 30 to Nov. 1, 2023 in St. Simons Island, Ga. at the King & Prince Resort…

GP Donates $100,000 To Volunteer Fire Department In Corrigan, Texas

The Corrigan Volunteer Fire Department, which has close to 25 active volunteers and answered more than 150 emergency calls in 2022, has kicked off a capital campaign to build a new fire station, which will cost $400,000. In support of this campaign, and in recognition of the three major facilities Georgia-Pacific operates (and the 1,000 people employed) in Polk County, Texas, the company has donated $100,000 to the effort…

Nashville Sets Perfect Stage For Lumber Conference

Lumber producers who made the trek to Room 205 and the 2023 Productivity & Efficiency Conference produced by Timber Processing and sponsored by Southern Forest Products Assn. (SFPA) were not disappointed as the event featured a wide range of speakers who delivered insights on different facets of mill operations…

Sawmillers Show Up At EXPO

After six shows in Atlanta, Ga. dating back to 2011, the Southern Forest Products Assn., host of the biennial Forest Products Machinery & Equipment EXPO, decided to move the 37th edition to Nashville, Tenn. Held August 23-25, this was an exciting change for exhibitors and attendees alike—the Music City Center was in the heart of the city, allowing everyone the chance to not only walk from the variety of hotels and top-notch restaurants to the show floor but also enjoy all that Nashville has to offer by way of its world-famous music scene…

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.