U.S. Housing Starts Dip Slightly In November
U.S. housing starts (combined single-family and multi-family) showed a slight decline in November, coming in at a seasonally adjusted rate of 1.427 million, 0.5% below October, and 16.4% below starts in November 2021, 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 828,000, down 4.1% compared to October, and recording the third consecutive monthly decline; but multi-family came in at 584,000, up 4.8% over October.
Building permits declined 11.2% to 1.342 million, including a 7.1% drop in single-family to 781,000, and a 17.9% dip in multi-family to 509,000 compared to October.
Miramar Beach, Sandestin, Fla.
Housing completions in November were 1.490 million, an increase of 10.8% over October, including single-family completions at 1.047 million, up 9.5%, and multi-family completions at 430,000, up 16% from October.
RELATED ARTICLES
Housing Starts Continue Negative Pattern
U.S. Housing Starts Dip In September, Both Single-Family & Multi-Family Soften
U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
B.C. Achieves Record Lumber Exports Goal
The province of British Columbia has set a new record that many believed to be unattainable. With lumber export sales of 4.28 billion board feet as of November, exports to China have already surpassed the province's 2008 goal of exporting four billion board feet in...
U.S., Canada Extend Softwood Lumber Agreement
A two-year extension to the 2006 Softwood Lumber Agreement (SLA) has been agreed upon, extending the program to October 2015 and granting stability to the volume softwood trade between the U.S. and Canada. The SLA was originally signed by the U.S. and Canadian...
Canal Wood Takes Hit For Timber Practices
Canal Wood, the nation’s largest privately held provider of wood fiber supply chain services, has paid the U.S. government $520,064 as settlement related to findings that Canal failed to report approximately 1,000 timber scale tickets on settlement sheets for timber...
Stimson Lumber Invests In Oregon Sawmill
Stimson Lumber Company recently invested $5.5 million for mechanical upgrades at its Tillamook, Ore. stud mill. An estimated 5%, or $275,000, was spent in Tillamook County on local contractors, helping to boost the local economy. Plant Manager Chris Stirk described...
Resilience Capital Partners Acquires PA Sawmill
Resilience Capital Partners, a Cleveland-based private equity firm, recently announced the completion of the acquisition of Weaber, Inc., a leading hardwood lumber mill. Founded in 1941, Weaber, Inc. is one of the nation’s leading hardwood lumber producers. The...
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.