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
Resolute Forest Products To Build $50M Atikokan Sawmill
Resolute Forest Products will build a new sawmill in the Atikokan area, according to Resolute president and CEO Richard Garneau. The mill will employ about 90 people, with additional indirect jobs related to hauling lumber…
Weyerhaeuser Posts Best Sales In Four Years On U.S. Housing Recovery
Weyerhaeuser Co., a century-old producer of forest products, reported its highest revenue in more than four years, adding heft to recent government data showing that a recovery in the U.S. housing market has taken hold.…
TP Man Of the Year: Industry’s Best Of the Best
Article by Dan Shell, Managing Editor, Timber Processing (2013) My first involvement with the Timber Processing Man of the Year award was in February 1989: I was with the company less than a year and…
Austrian-Based Klausner Lumber One Invests $130 Million In Florida Sawmill
Austrian-based Klausner Lumber One will invest $130 million over the next three years to develop a sawmill in Suwannee County, Florida, creating 350 jobs. Friedrich Klausner of Klausner Lumber One said, “This project has been…
Crown Will Review WorkSafeBC Sawmill Blasts Case
WorkSafeBC completed its investigations into the explosion on January 20, 2012 at the Babine Forest Products Co. sawmill in Burns Lake and the explosion on April 23, 2012 at Lakeland Mills Ltd. Sawmill in Prince…
Louisiana Fraud Lumber Stamp User Pays Big Bucks
Pacific Lumber Inspection Bureau has agreed to an out of court settlement in a trademark infringement claim the organization had made against a company in the Southern U.S. for unauthorized use of a certification stamp.…
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.