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
USDA Sets Dates For Softwood Check-Off Program Referendum
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced today that a continuance referendum will be conducted among eligible domestic (U.S.) manufacturers and importers of softwood lumber from August 1 through Aug. 25,…
Appalachian Lumber Industry Shows Improvement After 2008 Recession
While the lumber economy is improving, it still has a long way to go to fully bounce back from the 2008 recession. For the consumer, this means cheaper prices for raw wood materials needed to…
U.S. And Canada Begin Lumber Trade Talks
Ottawa and Washington have begun talks toward renewing a pact regarding the export of Canadian lumber to U.S. markets, Canada’s trade minister, Chrystia Freeland, told lawmakers here Thursday. Ms. Freeland said Canadian negotiators were in…
Saving America’s Forests One Wooden Building At A Time
If the invention of steel forged the high-rise, the iconic building’s future may be pine. This fall, the future will be under construction in the United States. A 12-story high-rise built primarily of wood is…
Laid-Off California Sawmill Workers Get Aid
Third District Supervisor Mark Lovelace expects the county to chip in quickly with job replacement services for the 123 employees who will be laid off in March and April in the phased closing of the…
B.C. Premier: Softwood Lumber Deal ‘Central’ To Canada-U.S. Relationship
B.C. Premier Christy Clark is expressing hope the Trudeau government can overcome U.S. resistance and renew a softwood lumber deal that brought peace to Canada-U.S. trade relations a decade ago. “The last time … relations…
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.