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
Southern Parallel Forest Products Plans Alabama Sawmill Operation
Southern Parallel Forest Products Plans Alabama Sawmill OperationCanadian-based Southern Parallel Forest Products Corporation, a firm producing Southern Yellow Pine dimensional lumber, plans to open a sawmill later this year in Albertville, Alabama, employing 130...
North American Lumber Prices Forecast To Soar In 2013 and Reach Record Highs In 2014
A new five-year outlook shows that supply and demand conditions in wood products for the long-awaited ‘super-cycle’ are now taking hold, with the full impact still some 3+ years away. With the return of a demand-driven wood products market in 2012 – due to rapidly...
U.S. Home Building Drives Up Lumber Prices
U.S. lumber prices are near an eight-year high as demand for the staple commodity of the American housing sector has risen on the back of a pick-up in new home construction. Lumber – or sawn timber – futures contracts for March delivery stood at $380 per 1,000 board...
Canfor Southern Pine Expanding In S.C. Mill
Lumber manufacturer Canfor Southern Pine announced Wednesday plans to expand its existing production facility in Horry County. The $3.6 million investment is expected to generate 56 new jobs. Canfor plans to install a continuous kiln system to increase its...
Wyoming Sawmill Receives Worker Training Grant
The Wyoming Workforce Development Council has awarded the newly reopened Saratoga Sawmill, now known as Saratoga Forest Management, a $50,000 grant to train 22 workers in the Saratoga area. The council allocated the grant money to the Department of Workforce...
American Industrial Partners Acquires Potomac Supply Corporation
American Industrial Partners Acquires Potomac Supply CorporationAmerican Industrial Partners, a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses, has acquired the operating assets of Potomac Supply...
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.