U.S. Housing Starts Fall While Building Permits Rise
U.S. housing starts fell in August from July, at a seasonally adjusted rate of 1.283 million, down 11.3%. Single-family starts were at a rate of 941,000, 4.3% below July, while multi-family starts were the primary culprit at 334,000, down 26.3%, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Housing starts had increased 4% in July over June, with single-family increasing 6.7% in July over June.
Building permits in August were 1.543 million, almost 7% above July. Single-family permits were 949,000, 2% above July, and multi-family was 535,000, up nearly 15%.
RELATED ARTICLES
Single-Family Starts Lead U.S. Housing Rebound In July
Housing Starts Decline, But Still Steady
Housing Starts Come On Like Gangbusters
Housing Starts Increase In April
Single-Family Housing Starts Show Strength
U.S. Housing Starts Rebound In February
Latest News
Tolko Names New Chief Operating Officer
Brad Thorlakson, President and CEO of Tolko Industries, has announced that Pino Pucci, Vice President of Sales, Marketing and Logistics will assume a newly created interim role as Tolko’s Chief Operating Officer. “This role has been created to support our succession planning process, as Pino will eventually succeed me as President & CEO,” Thorlakson says. “Pino’s proven leadership experience, significant focus on people and…
Lights, Camera Nashville!
Article by Jessica Johnson, Senior Editor, Timber Processing September 2023 – Unlike my dear old boss Rich Donnell, I did not grow up in Nashville. When the Southern Forest Products Assn. announced the move from my beloved hometown of Atlanta, Ga. for its Forest Products Machinery & Equipment EXPO…
Polish Glulam, German CLT Projects Pick Minda
As a specialist in engineered wood production lines, Minda has been a perfect partner for green and brownfield projects for more than 40 years. One of the last brownfield projects was the extension of a glulam line in Poland for Andrewex Construction, the biggest manufacturer of glulam in Poland with more than 30 years of experience…
Lumber Quality Workshops Announced
Terry Brown and the Lumber Quality Institute will again offer two lumber quality-related workshops in Salem, Ore. for the sawmill industry in November 2023. The Lumber Quality and Process Control Workshop will be held November 6-7, and the Lumber Quality Leadership Workshop will be held November 8-9…
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.