U.S. Housing Starts Continue Upward Trek
U.S. housing starts in October increased 2% from September to a seasonally adjusted rate of 1.372 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts were at a rate of 970,000, about even with September, while multi-family starts were 382,000, an increase of 5%.
Building permits were 1.487 million, up a percent over September, with single-family at 968,000, a half percent increase, and multi-family was 469,000, an increase of 2.2%.
Housing completions were at an annual rate of 1.410 million, down 4.6% from September, with single-family at 993,000, a percent below September, and multi-family at 408,000, a decrease of 12.6%.
RELATED ARTICLES
U.S. Housing Starts Show Significant Jump In September
U.S. Housing Starts Fall While Building Permits Rise
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
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
Latest News
Webster Industries Purchases Renold
Webster Industries Purchases RenoldMPE Partners along with its portfolio company, Webster Industries, announced the closing of its acquisition of Renold plc, a leading designer, engineer, manufacturer, and supplier of premium, high specification industrial chain and...
Richard Vetter Becomes CEO Of RPM
Richard Vetter Becomes CEO Of RPMReal Performance Machinery (RPM) announced a reorganization of its executive leadership team. Richard Vetter, one of the company’s founding members and Chief Technology Officer (CTO) since 2023, assumes the role of Chief Executive...
Weyco Wood Fiber Will Feed Aymium Biocarbon
Weyco Wood Fiber Will Feed Aymium BiocarbonWeyerhaeuser Co. and Aymium entered a memorandum of understanding (MOU) to partner to produce and sell 1.5 million tons of sustainable biocarbon annually for use in metals production. As an initial stage of this partnership,...
U.S. Lumber Coalition Pulls No Punches With New Year Statement
U.S. Lumber Coalition Pulls No Punches With New Year StatementSoftwood lumber prices remain at historically low levels. Prices today are 54% lower than their 1975 average and 49% lower than their 1995 average, adjusted for inflation, yet Canada and the National Assn....
Softwood Lumber Board Announces New Appointees
Softwood Lumber Board Announces New Appointees The U.S. Department of Agriculture (USDA) has announced the appointment of six members to serve on the Softwood Lumber Board. These six appointees will serve three-year terms beginning Jan. 1, 2026, and ending Dec. 31,...
Burton Mill Solutions Acquires Southern Saw & Wood
Burton Mill Solutions Acquires Southern Saw & WoodBurton Mill Solutions has announced its acquisition of Southern Saw & Wood, based in Hamburg, Ark. specializing in reconditioning small and large diameter saws, chipper knives, guides, cutting tool design and...
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.