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
B.C. Timber Panel Eyes Logging Protected Areas
A committee looking for ways to boost B.C.’s dwindling store of timber is looking at logging protected areas such as old-growth forests as one way out of a supply crunch. Other options include cutting greater volumes of “marginally economic” timber and pumping up...
Wood That Reaches New Heights
Among the many apartment buildings in the London borough of Hackney, the nine-story structure on the corner of Provost Street and Murray Grove stands out, its exterior a mix of white and gray tiles rather than the usual brick. But it’s what’s underneath this cladding...
Is Wood Dust The New Spotted Owl
Is Wood Dust The New Spotted OwlArticle by Dan Shell, Senior Editor, Timber Processing Following tragic and devastating explosions and fires at two British Columbia sawmills in Burns Lake and Prince George that killed four workers and injured dozens, leave it to...
Piece Of History Cut At Lumber Mill
It is not every day Sierra Forest Products sees logs like it saw last week — logs that had been preserved under water for the past 100 years. Cut up were two truck loads of sinker logs, logs that sink to the bottom of timber ponds, that have sat at the bottom of...
Southern Pine Industry Eyes Recovery Signals
During this first half of 2012, some faint glimmers of hope have appeared for the recovery of home construction markets, perhaps in the not-too-distant future. Building permits are up one month, down a bit the next. Indexes measuring builder confidence have reached a...
B.C. Lumber Exports Showing Growth
There is good news on lumber exports for B.C. Minister of Jobs, Tourism and Innovation Pat Bell tells Opinion 250, “China is still looking very good. The first quarter figures show we are up. The last month was a little softer, we were only up 15% and the earlier...
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.