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
Number Can Lie, If You Let Them
Article by Rich Donnell, Editor-In-Chief We give over many pages in this issue to coverage of the Timber Processing & Energy Expo that was held in Portland, Ore. September 28-30. Why wouldn’t we? It’s our show. Yes, every two years we at Hatton-Brown Publishers,...
Norway Spruce, Abundant In Maine, Approved For Construction
It's being called a once-in-a-lifetime occasion for the lumber and building industries: Following extensive testing at the University of Maine, Norway spruce has been approved for use as a construction-grade material in the U.S. In the 1930's, Civilian Conservation...
Canada, EU Sign Historic Trade Agreement During Summit
Canadian Prime Minister Justin Trudeau, together with Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, signed the Comprehensive Economic and Trade Agreement (CETA) during Sunday’s European Union-Canada...
Possible U.S. Trim Of Lumber Imports Fought By Canada
The Canadian government is warning U.S. politicians about the consequences of a possible new softwood lumber dispute. A letter from International Trade Minister Chrystia Freeland and David MacNaughton, the Canadian ambassador to Washington, went out today to two-dozen...
Understanding The Market Impact Of Duties On Canadian-U.S. Lumber Exports
With the expiry of the U.S.-Canada Softwood Lumber Agreement, the outcome of what is next features two main potential options. The impact of probable duties on Canadian lumber exports to the U.S. is one option and this will be a game-changer for different producing...
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.