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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%.

Latest News

Weyerhaeuser Names Brian Chaney To Lead Wood Products

Weyerhaeuser Co. has appointed Brian Chaney as senior vice president of Wood Products. Chaney recently served as vice president of Engineered Wood Products and Innovation for the company, and will take over for Keith O’Rear, who retired June 3 and will serve as a strategic advisor to the company through the end of 2024.

BC Timber Supply Stymies Canfor

After thorough analysis of the persistent shortage of economically available timber and challenging operating conditions in northern British Columbia, Canfor Corp. announced the permanent closure of its Polar sawmill in Bear Lake, BC and the suspension of its planned reinvestment in Houston, BC. This follows the announcement by subsidiary company, Canfor Pulp, that one line of production will be indefinitely curtailed at the Northwood Pulp Mill.

New Northwest Pellet Mill Gains Approval

New Northwest Pellet Mill Gains ApprovalAir quality officials recently issued a final notice and approval for an air quality permit at a new wood pellet manufacturing plant to be built by Pacific Northwest Renewable Energy (PNWRE) on a 60 acre site leased from the...

Collins Sues PG&E Over Dixie Fire

Collins Pine Co. and several affiliated companies have filed a lawsuit against Pacific Gas and Electric utility seeking compensation for property and business losses stemming from the Dixie Fire in July 2021, which was caused by PG&E’s equipment and negligent operations, according to the complaint.

Prairie Wood Products Closes Due To FS Transport Grant Dispute

Prairie Wood Products Closes Due To FS Transport Grant DisputeClaiming that a change in policy concerning the use of Forest Service grant money for transportation costs, Prairie Wood Products in Prairie City, Ore. suspended operations in March citing a disagreement...

Two Rivers Lumber Plans Second Alabama Mill

Two Rivers Lumber Plans Second Alabama MillTwo Rivers Lumber Co. plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company’s second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the...

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