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
Jartek Grows In North America, Appoints New Sales Manager
Jartek has founded Jartek US Inc. in the United States and Les Entreprises Jartek Canada Inc. in Canada. The goal of the new subsidiaries is to provide a solid operational base for serving customers and…
Western Forest Products Goes With Jartek For Thermal Modification Kiln
Jartek has signed an agreement to supply a thermal modification kiln to Western Forest Products, with installation scheduled for May 2026. The kiln, specifically designed to meet Western Forest Products requirements, will support plans to…
Harrigan Lumber Cuts Production In Half
Monroeville, Ala. Southern yellow pine producer Harrigan Lumber Co. announced in December that it would reduce production levels by 50% and lay off 34 employees, effective immediately. The decision came in response to continued market…
Dempsey Wood Products Upgrades Planer Mill With USNR
After upgrading the sawmill a few years ago, South Carolina’s Dempsey Wood Products found that it outran the planer mill, with the added challenge that the planer mill had no room for expansion in any…
Alabama’s John Tyler McShan Was One Of A Kind
John Tyler “JT” McShan, who grew up in a family sawmill environment and later led Alabama-based McShan Lumber, and who was a leader and legend of the lumber industry and always a familiar and friendly…
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.