U.S. Housing Starts Continue Upward Trek
U.S. housing starts in October increased 2% from September to a seasonally adjusted rate of 1.372 million, 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 970,000, about even with September, while multi-family starts were 382,000, an increase of 5%.
Building permits were 1.487 million, up a percent over September, with single-family at 968,000, a half percent increase, and multi-family was 469,000, an increase of 2.2%.
Housing completions were at an annual rate of 1.410 million, down 4.6% from September, with single-family at 993,000, a percent below September, and multi-family at 408,000, a decrease of 12.6%.
RELATED ARTICLES
U.S. Housing Starts Show Significant Jump In September
U.S. Housing Starts Fall While Building Permits Rise
Single-Family Starts Lead U.S. Housing Rebound In July
Housing Starts Decline, But Still Steady
Housing Starts Come On Like Gangbusters
Housing Starts Increase In April
Single-Family Housing Starts Show Strength
U.S. Housing Starts Rebound In February
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
Latest News
Dempsey Wood Products Upgrades Planer Mill With USNR
After upgrading the sawmill a few years ago, South Carolina’s Dempsey Wood Products found that it outran the planer mill, with the added challenge that the planer mill had no room for expansion in any…
Alabama’s John Tyler McShan Was One Of A Kind
John Tyler “JT” McShan, who grew up in a family sawmill environment and later led Alabama-based McShan Lumber, and who was a leader and legend of the lumber industry and always a familiar and friendly…
New Zealand’s Niagara Sawmilling Modernizes With Comact
Comact, a global provider in high-performance OEM wood-processing technologies, is proud to announce a major equipment and technology sale to Niagara Sawmilling Co., located in Invercargill, New Zealand. This large-scale modernization project will significantly enhance…
SPIB Announces Planer Operator Course
The planer operator course from the Southern Pine Inspection Bureau provides attendees with some fundamentals that anyone involved in operating a planer needs to know—but will be especially valuable for operators and trainees, QC and…
American Wood Council Elects New Chairman
American Wood Council (AWC) announced the election of West Fraser President and CEO Sean McLaren as the new Board Chair for a two-year term. McLaren will be joined by SmartLam CEO Derek Ratchford, who was…
Sierra Pacific Breaks Ground In Eugene
Sierra Pacific Industries broke ground on its new state-of-the-art sawmill in Eugene, Ore. in early November. SPI’s Oregon crews joined in celebrating the placement of the first column—the start of what will soon be a…
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.