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
Northwest Hardwoods To Temporarily Curtail Washington Mill Production
A major lumber mill in Centralia, Northwest Hardwoods, has announced plans to temporarily curtail its production, possibly to half its operating capacity, due to the ongoing West Coast port slowdown. Northwest Hardwoods will begin reducing hours of employees at the...
Maine’s Pleasant River Lumber Buys Moose River Lumber
Maine’s Pleasant River Lumber Buys Moose River LumberPleasant River Lumber, Dover-Foxcroft, Maine, is purchasing Moose River Lumber Co., Jackman, Me. Moose River Lumber produces more than 85MMBF annually of kiln-dried, dimension spruce lumber. The company is known for...
Ontario’s Kenora Forest Products Sawmill Prepares For 2015 Restart
The restart of a mothballed Kenora stud mill and a major expansion is hinging on the final approval of a Crown wood supply. The Manitoba parent company of Kenora Forest Products, Prendiville Industries, is prepared to invest millions to modernize the shuttered...
Universal Forest Products Acquires Rapid Wood Lumber Supplier
Universal Forest Products has purchased the assets of Idaho-based Rapid Wood Mfg., which supplies lumber products for manufactured housing. “This is a good opportunity to establish a manufacturing and sales presence in Idaho, bringing us closer to some of our valued...
U.S. Hardwood Lumber Demand Will Slow In February 2015
Hardwood Publishing has released its updated Leading Hardwood Demand Indicator (LHDI), a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets. The LHDI declines...
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.