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
Filled With Action On Many Fronts
Article by Rich Donnell, Editor-in-Chief, Timber Processing December 2022 –2022 left us with softened lumber prices, declining housing starts, and rising interest rates. Nobody was complaining too loudly, given the astronomical surge in lumber prices in the spring of 2022 that everyone enjoyed, and…
U.S. Housing Starts Dip Slightly In November
U.S. housing starts (combined single-family and multi-family) showed a slight decline in November, coming in at a seasonally adjusted rate of 1.427 million, 0.5% below October, and 16.4% below starts in November 2021, according to the U.S. Census Bureau and U.S. Dept. of Housing and…
Snider Industries Announces New Plant Manager
Snider Industries, LLC has announced that after 23 years of Jimmy Brewer at the helm, the role of plant manager is being transitioned to Wayne Fleming. Fleming brings over 30 years of forest products industry experience to the role. With this transition, Snider Industries is building on…
Lampe & Malphrus Lumber Orders New USNR End Dogging Carriage Line
USNR is replacing the headrig system at Lampe & Malphrus Lumber Co. with a new end dogging carriage line, including the log infeed using belts, chains, and ending screws; pinnacle feeder; USNR carriage optimization with LASAR; reciprocating EDC with rotation; conical…
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.