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
South Carolina Sawmill Company Asks For Permit Extension
South Carolina Sawmill Company Asks For Permit ExtensionAn extension for a critical permit to build a huge lumber sawmill was applied for just before the deadline Monday. A state air quality permit to build the Klausner mill along the North Edisto River outside...
Washington Mill Owner Pleads Guilty To Trafficking Big Leaf Maple
J&L Tonewood owner, Harold Clause Kupers, pleads guilty to trafficking illegally harvested big leaf maple from Gifford Pinchot National Forest located in Southwest Washington state. Kupers, who could face up to five years in prison, a $250,000 fine and at least...
Slow Demand, Rising Production Stalls Lumber And Panel Markets
New WOOD MARKETS five-year forecast calls for continued volatility as North American and global lumber markets continue to recover and grow. In WOOD MARKETS’ new five-year forecast, the short-term outlook is that North American and global economies, as well as...
Biewer Lumber Locating New $85 Million Sawmill In Mississippi
Biewer Lumber Locating New $85 Million Sawmill In MississippiOfficials from Biewer Lumber announce the company is locating a state-of-the-art sawmill in Newton, Miss. The project represents a corporate investment of $85 million and will create 125 jobs. Construction...
Pardee Resources Sells West Virginia Sawmill To Hamer Company
Pardee Resources has sold a sawmill in West Virginia to the Jim C. Hamer Company. Philadelphia-based Pardee announced the recent closure of the sale on Wednesday in a news release. Terms of the deal weren't disclosed. The company says Hamer also will have timber...
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.