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
Alabama CLT Plant Is Nearly Operational
Alabama CLT Plant Is Nearly OperationalThe first and biggest cross-laminated timber (CLT) manufacturing plant in the eastern U.S. is nearly fully operational, with 25 employees currently working a portion of the plant. Florida-based International Beams (IB), a...
CLT Movement Spreads To Eastern Half Of U.S.
As written up on page six of this issue, the recent Panel & Engineered Lumber International Conference & Expo in Atlanta included in its extensive agenda several talks on mass timber…
Beck Group, Forest2Market Announce Sawmill TQ Service For Southern Sawmills
The Beck Group (Beck) and Forest2Market, Inc. recently announced a partnership to launch Sawmill TQ (Top Quartile), a new service for gathering and delivering Southern Yellow Pine sawmill benchmark data to industry members. The partnership combines Beck’s sawmill...
Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two Sawmills
Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two SawmillsThe Maine Technology Institute (MTI) recently awarded a $4,226,000 challenge grant from the Maine Technology Asset Fund 2.0 program to the Pleasant River Lumber Company. The $4.2 million will be used...
British Columbia Softwood Lumber Exports To U.S. Plunge 20 Percent
Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government. British Columbia - Canada's largest lumber-producing province - exported just over 514 million board feet of lumber to the...
Alabama’s Westervelt Company Plans New Sawmill
Alabama’s Westervelt Company Plans New SawmillA 130-year-old Tuscaloosa company is preparing to build a new lumber mill in south Alabama, which is expected to create more than 100 jobs and produce 250 million board feet of lumber annually. The Westervelt Co. said in a...
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.