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October 29, 2024

Market tone is finally changing in North American sawmill industry

US housing trends increased considerably overall in August 2024, according to US Census data. Revised housing starts were 1.356 million units (Seasonally Adjusted Annual Rate, SAAR), an increase of 9.6% from 1.237 million units in July (revised). In August, single-family starts were 0.992 million units, an increase of 15.8% month-over-month, up from 0.857 million and representing 73% of total starts (vs. 72% in August 2023). However, multi-family starts fell by 6.7% from 0.357 million units in July (revised) to 0.333 million in August. September US housing ...

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