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
SFPA Elects 2022-23 Officers
The Southern Forest Products Assn. (SFPA) elected its new officers during the board of directors session at the association’s annual meeting October 21, 2022, in Nashville. The 2022-23 SFPA officers are Chairman of the Board, Mark Richardson, The Westervelt Co.; Vice Chairman of the…
Weyco, Union Reach Contract Agreement
In late October, after a 48-day strike, Weyerhaeuser reported the successful resolution of a work stoppage involving members of the International Assn. of Machinists and Aerospace Workers union in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of…
WWPA Opens 2023 Master Lumberman Nominations
WWPA is now seeking nominations from member companies for the 2023 Master Lumberman honors. The awards will be presented at the Association’s Annual Meeting, April 17, 2023, at the Embassy Suites PDX-Portland Airport Hotel…
Port Angeles Grant Boosts Port Efficiency
In Washington state, the Port of Port Angeles has been awarded an $8.6 million federal grant from the Dept. of Transportation Maritime Administration’s Port Infrastructure Development Program. The grant will provide key funding to assist in the repair and improvements to Port Angeles’ industrial…
Schooler Cuts Down The Net
Timber Processing magazine presented its 34th Annual Person of the Year award to Eric Schooler, CEO of Collins, as he prepared to embark on his new career of “retirement.” The presentation ceremony and reception, which was hosted by Hatton-Brown Publishers, Inc. and sponsored by Real…
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.