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
Biewer Lumber Breaks Ground On New Mississippi Sawmill
Biewer Lumber Breaks Ground On New Mississippi SawmillGovernor Phil Bryant and officials from Biewer Lumber broke ground today on the company’s new $85 million sawmill in Newton, Mississippi. The sawmill will create 125 jobs once operational. “This is a great day for...
Oregon’s Warm Springs Forest Products Sawmill Closing
Oregon’s Warm Springs Forest Products Sawmill ClosingFifty years after acquiring a lumber mill on the Warm Springs Indian Reservation, tribal leaders announced the permanent closure and impending bankruptcy and liquidation of the Warm Springs Forest Products...
U.S. Green Building Council To Recognize ATFS Certification
This week, the U.S. Green Building Council (USGBC) announced it is encouraging more responsibly sourced building materials by giving credit for wood from American Tree Farm System (ATFS) certified forests, and other credible forest certification systems such as the...
Some SYP Independents Stay The Course
Some SYP Independents Stay The CourseArticle by Rich Donnell, Editor-In-Chief, Timber Processing April 2016 Mark Twain wrote: “The reports of my death are greatly exaggerated,” or something to that effect. The same might be said of independent southern yellow pine...
Oregon’s Seneca Sawmill More Than Halfway Done With Upgrade
Seneca Sawmill in Eugene is more than halfway through a $60 million equipment upgrade to its complex off Highway 99. The improvements should be complete this September, Chief Executive Todd Payne said on Tuesday. The investment by the family-owned company allows...
Mena Region Remains Key Destination For U.S. Softwood Lumber
The Middle East and North Africa (Mena) region remains a key destination for American softwoods amid the increasing demand within the region's booming construction and housing market, according to American Softwoods (AMSO). The promotional partnership formed by three...
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.