Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
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.
RELATED ARTICLES
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
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
Man Dies After Accident At Georgia’s Claude Howard Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A Claude Howard Lumber Co. employee died after an apparent accident while working at the sawmill on Park Avenue, officials said. Salvador Hernandez, 32, of Statesboro, had crawled onto a piece…
Oregon BEST Looks To Create A New Timber Industry
Oregon BEST and Oregon State University are teaming with a Southern Oregon timber business in a bid to turn the state into a center for Cross-Laminated Timber Manufacturing. Oregon BEST is investing $150,000 into research…
North American Timber Harvests Up For Fourth Consecutive Year
Timber harvests in North America were up for the fourth consecutive year in 2013, reaching 510 million m3, based on analysis by WRI (Wood Resource International). Despite an annual increase of three percent each of…
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.