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
Multi-Million Dollar Alabama Sawmill Project Right On Schedule
A multi-million dollar sawmill project in Demopolis continues to make progress. The new state-of-the-art sawmill is expected to bring more than new fifty jobs to the area. Demopolis Mayor John Laney says the Two Rivers Lumber Company sawmill project is steadily moving...
U.S. Lumber Coalition Applauds Objectives In NAFTA Talks
The U.S. Lumber Coalition recently commented on the Trump Administration's objectives for the renegotiation of the North American Free Trade Agreement (NAFTA), including the recommendation to preserve the ability of the United States to rigorously enforce its trade...
NAHB: Homebuilder Concerns About Lumber Shortage Rising
Homebuilders are quickly feeling the impact of the looming rise in Canadian lumber tariffs, as more homebuilders are concerned about the availability of building materials. According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, the...
Roseburg Forest Products To Build New Engineered Wood Plant In South Carolina
Roseburg Forest Products To Build New Engineered Wood Plant In South CarolinaOregon-based Roseburg Forest Products will expand its operations in the southeastern United States with construction of a new engineered wood products plant in Chester, S.C. Roseburg publicly...
After 5 Years, Still No Klausner Lumber Mill In South Carolina
After 5 Years, Still No Klausner Lumber Mill In South CarolinaGerman-based Klausner Holding USA announced five years ago it planned to build a lumber mill in Orangeburg County. Company officials at the time anticipated breaking ground in 2014. The summer of 2017 has...
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.