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
Behind The Scenes
Story by David Abbott, Senior Associate Editor In late July and early August my job took me to Ohio and West Virginia, primarily on behalf of companion periodical Timber Harvesting magazine. I was assigned to…
Washington’s Simpson Lumber Company Explores Possible Sale
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Privately owned Simpson Lumber Co. with mills in Tacoma, Longview and Shelton and the Southeast, is on the sale block. The Tacoma-based company has hired a financial adviser to explore the…
New Arizona Sawmill Brings Jobs, Helps Thin Forests
A new Arizona sawmill opened Monday west of Flagstaff after two years of planning. Newpac Fibre, LLC opened its sawmill in Williams at the location of a former sawmill site that closed in 1995. The…
Sierra Pacific Becomes Quiet Giant In U.S. Lumber Industry
If pressed to name the biggest forest products companies in the U.S., or the most significant in Washington, you might come up with names such as Weyerhaeuser or Boise Cascade or Georgia-Pacific. For some local…
Tenacity, Innovation Fuel Growth At Wisconsin’s Schmitt Timber
If Wayne Schmitt, owner of Wisconsin’s Schmitt Timber, had his way, every oak, ash or maple board he slices off the log would be top grade; clear-grained, free of knots and blemishes. Those cuts are…
Oregon’s Rough & Ready Lumber Co. Back Open
Timber is back at Rough & Ready Lumber Co. “It’s exciting to see those old faces and we walk out there and see everybody greeting each other.” Jennifer Phillippi is the owner of the Cave…
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.