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
More Record-Level Lumber Prices Expected In 2018 From U.S. Import Duties
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); In WOOD MARKETS’ new five-year softwood lumber forecast, the continuation of U.S. duties on Canadian lumber exports to the U.S. are expected to cause more short-term market and price volatility. The…
Florida’s Rex Lumber Eyes Expansion With New Mill In Southeast
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Rex Lumber, headquartered in Graceville, Florida is expanding with a greenfield sawmill in the Southeast. Rex currently operates three sawmills, two in the Florida Panhandle and one in Mississippi, producing a…
Study: Mountain Pine Beetle Impacts On Montana Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A new study authored by the University of Montana’s Bureau of Business and Economic Research and the U.S. Forest Service Rocky Mountain Research Station examines the impact of the mountain pine…
Moody’s: High Lumber Prices In 2018 To Outweigh Cost Of U.S. Duties
Duties googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Sustained high lumber prices in 2018 will cover the cost of final duties imposed by the US government on Canadian lumber imports, benefiting North American producers and timberland owners, Moody’s…
Thanks For Your Open Door Policy
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing December 2017 I like to use this space at the end of the year to express my appreciation to all of the companies that…
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.