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
Comact Completes Acquisition Of Oleson Saw Technology
Comact Completes Acquisition Of Oleson Saw Technology Comact, a global leader in high-performance OEM wood-processing technologies, has announced the completion of its acquisition of Oleson Saw Technology, a well-established leader in wide bandsaw blade...
Winwood Forest Products Expanding Sawmill Operations In Mississippi
Winwood Forest Products Expanding Sawmill Operations In Mississippi Natchez, Inc. today announced a significant expansion by Winnwood Forest Products at the Mississippi River Energy Complex, a former IP property in Natchez, marking another investment in Adams...
USDA Invests $115.2M Through Timber Production Expansion Program
USDA Invests $115.2M Through Timber Production Expansion Program At the Advanced Bioeconomy Leadership Conference, U.S. Department of Agriculture Administrator for the Rural Business and Cooperative Service J.R. Claeys announced the USDA is guaranteeing $115.2...
Ashlee Cribb To Lead Gorman Group
Ashlee Cribb To Lead Gorman Group Following the announcement from current CEO Nick Arkle of his intent to retire more than a year ago, the Board and ownership group of Gorman Group has named Ashlee Cribb its next Chief Executive Officer. Cribb joins the Gorman Group...
Burton Mill Solutions Acquires Moraska Saw
Burton Mill Solutions Acquires Moraska Saw Burton Mill Solutions has acquired Moraska Saw Inc., a respected saw service and repair provider that has served the Upper Peninsula of Michigan and Wisconsin since 1973. Founded by Jim Moraska, the company has built its...
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.