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
U.S. Sawmill Production Increased In 2011
Full-year production by U.S. sawmills grew 7.7% in 2011 to 26.712 billion board ft. (bbf) from 24.802 bbf in 2010, according to the latest statistics from the Western Wood Products Assn. (WWPA). Sawmills in the Western U.S. produced 11.867 bbf in 2011, up 6.6%...
Credit Crunch An Unusual Ally In U.S. Lumber Rally
U.S. lumber futures prices have soared about 30% in the past five months, with bets rising 18% since January with help from an odd ally: a credit crunch in the industry. Lumber distributors, who channel supplies from mills to end users, finding it difficult to raise...
Lumber Design Value Changes Approved By ALSC
Following proposals from the Southern Pine Inspection Bureau (SPIB), the American Lumber Standard Committee (ALSC) recently approved a design value change for No. 2 2x4 visually graded southern pine lumber. Southern pine No. 2 2x4s are affected, as well as lower...
Restoration Projects Set For National Forests
Agriculture Secretary Tom Vilsack recently announced a new report, Increasing the Pace of Restoration and Job Creation on our National Forests, which outlines a strategy and series of actions for management on 193 million acres of national forests and grasslands...
McShan Lumber Gets Better With Age
McShan Lumber Gets Better With AgeArticle by Rich Donnell, Editor-in-Chief, Timber Processing 2012 The cover story of this issue is about a sawmill modernization project just completed at McShan Lumber in McShan, Ala. Specifically it’s about the installation and...
Roseburg Forest Products Continues Commitment To Renewable Energy
Roseburg Forest Products, a privately held forest products company with a long history of conservation and promoting sound and sustainable forestry practices, is extending its sustainability commitment to renewable energy. “Sustainably managing all aspects of our...
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.