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
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…
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…
Global Softwood Lumber Trade Reaches 10-Year High In 2015
Global trade of softwood lumber reached a 10-year high in 2015, with lumber prices trending downward in many key markets over the course of the year, reports the Wood Resource Quarterly. A majority of the…
Oregon’s Mary’s River Lumber Company Closes
Mary’s River Lumber Co., which had 80 workers at a cedar sawmill in Philomath and a finishing plant in Corvallis, has ceased operations after 42 years. The closure came on Monday because of difficulties in…
Newsmakers 2016: DR Johnson Lumber Company
DR Johnson Lumber Co., based in the small Oregon town of Riddle, is poised at the forefront of what could be a revolutionary use of wood as a building material in the Northwest. Don R.…
Good Stories From Here To There
Article by Rich Donnell, Editor-In-Chief, Timber Processing, March 2016 We really like the two sawmill features that appear in this issue because they are distinctly different (and about 2,000 miles from each other). Pyramid Mountain…
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.