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
International Forest Products To Acquire Tolleson Ilim Lumber
International Forest Products To Acquire Tolleson Ilim LumberCanada's International Forest Products Ltd. agreed Sunday to acquire Tolleson Ilim Lumber Co. from Russia's Ilim Timber Continental SA for $180 million, including working capital, in a deal that would make...
400 Issues And Counting
Story by Rich Donnell, Editor-in-Chief Okay, it’s obvious when you look at the accompanying photo of our current editorial team that some of these editors aren’t old enough to have made much of a dent in very many of the 400 issues of Timber Processing—the issue in...
Canfor Q4 Profit Rises On Lumber Price Gains
Canadian forest products company Canfor Corp. posted a higher fourth-quarter profit on Wednesday, boosted by strong lumber prices as well as an increase in pulp production and shipments. Net income attributable to shareholders rose 31 percent to C$28 million, or 20...
U.S. Hardwood Lumber Markets Continue To Build Momentum
The Weekly Hardwood Review Leading Hardwood Demand Indicator (LHDI)—a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets—trends up to 117.8 in February and 124.3...
Idaho Forest Group Upgrading Sawmill Equipment
Idaho Forest Group is installing new equipment at its sawmill in Nez Perce County that will double the capacity of the facility. Company President Scott Atkison tells the Lewiston Tribune the company is putting in a saw line that is the largest upgrade since the late...
WorkSafeBC Revises Rules, Cracks Down On Sawmills
B.C. forest companies face new, prescriptive regulations that define how much sawdust can settle in a wood-products plant before it is considered a hazard, almost two years after the deaths of four workers in sawmill explosions. The new regime has been rolled out in...
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.