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
Hancock Lumber To Acquire Massachusetts Lumberyard
Hancock Lumber To Acquire Massachusetts Lumberyard Hancock Lumber has announced plans to acquire Johnson Lumber, a single-location lumberyard located in Salisbury, Mass. The transaction is expected to close on May 31, with the location officially beginning operations...
Glen Duysen, 96, Remembered For Always Stepping Up
Glen Duysen, 96, Remembered For Always Stepping UpGlen H. Duysen, co-founder of Sierra Forest Products, and a leader in the Western timber industry, died February 7. He was 96. Duysen was a past president of the Western Timber Assn., Timber Assn. of California,...
SFPA Announces 2024 Safety Award Winners
SFPA Announces 2024 Safety Award WinnersSouthern Forest Products Assn. (SFPA) announced the recipients of the John Edgar Rhodes 2024 Sawmill Safety Excellence Awards, which embody the impact, dedication, and legacy of the association’s founding leader, John Edgar...
Rosboro Converts To Uniflow CDKs From USNR
Rosboro Converts To Uniflow CDKs From USNRRosboro Co. recently converted four of their double-track kilns to USNR's patented UniFlow continuous design, exceeding initial production increase goals while keeping emission levels below emission cap requirements. The...
Minda Acquires Fingerjoint Specialist Howial
Minda Acquires Fingerjoint Specialist HowialFor many years, Minda and Howial have collaborated on projects, with Minda supplying conveyors and presses, and Howial providing fingerjoint technology. A cooperation contract was signed in 2022 to enable integration at the...
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.