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
Florida Lumber Mill Expected To Bring 350 Jobs
An Austrian lumber company plans to build a $130 million sawmill near Live Oak, Florida employing 350 people, a project touted as a shot in the arm to the local economy while also raising concerns about its impact on the timber supply and competing sawmills as well as...
Montana Lumber Company Looks To The Future Of The Timber Industry
Pyramid Mountain Lumber Company in Seeley Lake is the oldest surviving family-owned and operated lumber mill in Montana, surviving a decline in the housing market and operating on a decreasing supply of raw materials. "We've seen a lot of mill closures since I've been...
Interfor To Acquire Keadle Lumber In Georgia
International Forest Products Limited (Interfor) announced today that it had reached agreement in principle to acquire the assets of Keadle Lumber Enterprises, Inc. of Thomaston, Georgia. Keadle is a well-regarded producer of high quality southern yellow pine lumber...
Reality Check: U.S. Lumber Prices Off Highs After Supply Surge
U.S. lumber prices are falling in response to a late, cold spring in some parts of the country, and to a sharp first-quarter production increase by mills that may have overestimated gains in housing starts, lumber industry participants said. By early May, industry...
Colorado Senator Visits Recovering Sawmill
Colorado Senator Mark Udall visited a Montrose sawmill, Thursday, to talk about how the forest industry can help Colorado’s economy. He assisted the mill in obtaining a U.S. Forest Service contract last year. This plan is helping the mill recover. Nieman Enterprise...
Montana Lumber Mill Reopens, Holds ‘Work Day’
Thirty new jobs opened up when the Evergreen sawmill in Montana recently restarted production, and they added one more employee to the schedule. Senator Max Baucus joined employees at the sawmill for a work day. The Democrat, who recently announced his retirement,...
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.