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
SmartLam Relaunches As SmartLam North America
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Cross-laminated timber producer SmartLam has expanded as SmartLam North America under new leadership and investment from Brian Fehr, Erik Munck and SmartLam founder Casey Malmquist. SmartLam North America has established its…
Jonathan Martin Dies In Louisiana
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Jonathan E. Martin, an industrial engineer who led the transformation of his family’s small sawmill operation into a multi-facility producer of OSB and plywood, all the while growing the company’s timberland…
Sierra Pacific Installing Solar Panels
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Continuing its commitment to sustainable energy, Sierra Pacific Industries is installing 30 acres of solar panels near its Red Bluff, Calif. offices. The project, which consists of 30,240 panels, is expected…
TP&EE 2020 Off To A Good Start
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); More than a hundred companies have already signed on to exhibit at the Timber Processing & Energy Expo to be held September 30 to October 2, 2020 at the Portland Exposition…
Canfor Committee Analyzing Great Pacific Offer
Canfor Corp. announced that a Special Committee of its board of directors has retained Greenhill & Co. as financial advisor. Greenhill is preparing a valuation of the common shares of the company. Additionally, the Special…
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.