U.S. housing starts decreased slightly in October to a seasonally adjusted rate of 1.520 million, down 0.7% from September, while up 0.4% from October 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts were at a rate of 1.039 million, down nearly 4% from September and less 10.6% from October 2020. Multi-family starts (five units or more) were 470,000, up 6.8% from September and ahead 39.5% over October a year ago.
The drop in October marked the fourth consecutive monthly decline for single-family starts.
Housing building permits were at a seasonally adjusted rate of 1.65 million, 4% above September and 3.4% over October 2020. Single-family permits in October were 1.069 million, 2.7% above September. Multi-family permits were 528,000 in October, 6.5% above September.
USNR announced in early September, they have sold the DynaStar Maintenance Management Software to DrekiTek Software Solutions Ltd., and looks forward to a long-term relationship with DrekiTek Software Solutions as it continues the development and support of the DynaStar system…
Following a pandemic-induced cancellation in 2020, the biennial Timber Processing & Energy Expo returns September 28-30 to the Portland Exposition Center in Portland, Ore. Hatton-Brown Expositions, an affiliate of Timber Processing magazine, has hosted the event since 2010…
Timber Processing & Energy Expo, which will be held September 28-30 at the Portland Exposition Center in Portland, Ore., will include two conferences: Sawmill Productivity & Efficiency; and From Forest to Frame: Mass Timber Developments.
The seventh TP&EE will spotlight 150 machinery and technology exhibiting companies catering to the lumber and engineered wood products sectors. Held every other year, it was cancelled due to the pandemic in 2020…
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