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
Burton Acquires Industrial Cutting Tools
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Burton Mill Solutions announced its acquisition of Industrial Cutting Tools (ICT) of Quitman, Ga. ICT specializes in reconditioning cutting tools for sawmill, chip, and pellet operations throughout the Southeastern U.S. The…
Rosboro Advances With Glulam
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Major glulam producer Rosboro Co. named several primary suppliers for its upcoming $100 million-plus expansion project in Springfield, Ore. The investment includes a lamstock planer mill, expanded dry kiln capacity and…
Hampton Lumber Launches Paper-Azzi Campaign
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Hampton Lumber has excitedly announced the launch of its Paper-Azzi Campaign, a fun and interactive initiative designed to raise awareness about the diverse uses and extensive reach of wood products grown…
Interfor to Exit Operations In Québec
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Interfor has announced plans to exit its operations in Québec, Canada, including the sale of its three manufacturing facilities and the closure of its Montréal corporate office. This strategic initiative will…
USDA Appoints Six Members To Softwood Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The U.S. Department of Agriculture (USDA) has appointed six members to serve on the Softwood Lumber Board. The appointees will serve three-year terms beginning Jan. 1, 2025, and ending Dec. 31,…
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.