Housing Starts Continue Negative Pattern
U.S. housing starts dropped 4.2% in October from September to a seasonally adjusted annual rate of 1.425 million, including a drop in single-family starts of 6.1% to 855,000, and a modest decline of 0.5% in multi-family starts to 556,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
It marked the second consecutive month of decline, and for the first time this year that single-family starts dropped below an adjusted annual rate of 900,000.
Building permits declined 2.4% to 1.526 million, including a 3.6% drop in single-family permits to a rate of 839,000, while multi-family declined nearly 2% to 633,000.
Housing completions in October came in at 1.339 million, 6.4% down, with single-family at 961,000, declining 8.3%.
RELATED ARTICLES
U.S. Housing Starts Dip In September, Both Single-Family & Multi-Family Soften
U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
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
USNR Parent Company Acquires Norwood Sawmills
USNR Parent Company Acquires Norwood Sawmills USNR, a global supplier in wood processing technologies, is pleased to announce that Norwood Industries, a supplier of portable sawmills, has joined its corporate family. Norwood will operate as an independent sister...
Ben Brydges Appointed Wood-Mizer CEO
Ben Brydges Appointed Wood-Mizer CEOWood-Mizer has named Ben Brydges as Chief Executive Officer. In his new role, Brydges will guide the company into its next phase of strategic growth and product innovation, strengthening Wood-Mizer’s position as a trusted name...
More Than Tariffs Cause Sinclar Forest Products Mill Reductions
More Than Tariffs Cause Sinclar Forest Products Mill ReductionsPrince George, British Columbia-based Sinclar Forest Products is reducing production output at its Apollo Forest Products (Fort Saint James), Nechako Lumber (Vanderhoof) and Lakeland Mills (Prince George)...
DO2 Names Mathieu Laflamme Sales Director
DO2 Names Mathieu Laflamme Sales DirectorDolbeau Oxygene, known as DO2, appointed Mathieu Laflamme as Sales Director for the DO2 Group, which includes DO2 Industrial as well as its automation division, DO2 Control. Laflamme has more than 20 years of experience in...
Fulghum Announces Commissioning At West Fraser Henderson
Fulghum Announces Commissioning At West Fraser HendersonFulghum Industries, Inc. has announced the successful commissioning of a newly installed 170-ft., 45-ton log crane for West Fraser’s expanding operations in Henderson, Tex. The project was initially announced in...
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.