U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. housing starts in August jumped 12.2% over July to an annual rate of 1.575 million, breaking a three month losing streak, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts increased 3.4% to 935,000, and multi-family (five units or more) were 621,000, up an impressive 28.6% over July.
Building permits, however, dipped 10% to 1.517 million, with single-family at a rate of 899,000, down 3.5%, and multi-family at 571,000, a decline of 18.5%.
Housing completions were at an annual rate of 1.342 million in August, down 5.4% from July, though single-family was up 0.4% to 1.017 million, while multi-family at 318,000 was down 20.7%.
RELATED ARTICLES
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
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
Latest News
Sierra Pacific Industries Announces New Sawmills
Sierra Pacific Industries (SPI) plans to build a new sawmill complex, including two new sawmills located adjacent each other on the east side of its existing site in Eugene, Ore., eventually operating under one roof and ultimately replacing the existing sawmilling facilities. The new…
Esterer WD Reveals New Bold Logo
Since 1862, Esterer WD with 250 employees today in Altötting and Reutlingen, Germany, has been one of the worldwide leaders in supplying sawmill equipment. Commitment to quality, reliability and customer focus count among the most important values within the company and contribute to ongoing success…
Mendocino Companies Expands In Utah
Mendocino Companies purchased the assets of Utah Wood Preserving (UWP) and portions of its affiliates. UWP’s manufacturing facility in Woods Cross, Utah, is a well-maintained preservative treating plant on a large, fully paved site with dry kilns and rail service…
Structurlam Looks To Reboot
The temporary closure of Structurlam Mass Timber’s Conway, Ark. cross-laminated timber (CLT) and glulam plant and the apparent severing of the plant’s relationship as a major supplier for Walmart’s new low carbon footprint and energy efficient corporate…
Coalition Supports Duty Upgrade
U.S. Dept. of Commerce announced the preliminary determination of a combined anti-subsidy and anti-dumping duty rate of 8.24% in the fourth annual review of allegedly subsidized traded Canadian softwood lumber imports into the U.S. The review covers…
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.