U.S. Single-Family Starts Jump for Sixth Month In Row
U.S. housing starts continue to flourish, rising in October to a seasonally adjusted rate of 1.530 million, a 4.9% increase over September and a whopping 14.2% hike compared to October 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts in October were 1.179 million, up 6.4% from September and an amazing 29.4% over October a year ago.
Multi-family starts, however, continued a downward trend, at 334,000, a 3.2% dip from September and nearly 20% lower than October 2019.
U.S. single-family starts have now increased six consecutive months, since the low of 679,000 during the pandemic shutdown in April.
Housing building permits in October were at 1.545 million, nearly the same as September and 2.8% above October 2019. Single-family permits in October were 1.120 million, a percent above September and 20.6% above October 2019.
Multi-family permits were 365,000 in October, down 6% from September.
Hampton Lumber Names Schillinger New CEO
Hampton Lumber has announced that Randy Schillinger will join Hampton Lumber & Family Forests as its new CEO, effective June 26, 2023, taking over for Steve Zika who has served as CEO of Hampton since 2003 and announced his retirement earlier this year. Schillinger has over 25 years of experience in the Pacific Northwest wood products industry. He began his career with…
Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment…
Timber Processing Combs The Ligna Fair Aisles
The Timber Processing magazine team reports an active first half of the week for sawmill machinery exhibitors at the week-long Ligna international wood processing fair held in Hannover, Germany. Bandmills were not in short supply, including this EWD bandmill system in the middle of Sawmill Hall. Timber Processing magazines were practically flying off the shelf at the Timber Processing…
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
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.
Complete the online form so we can direct you to the appropriate Sales Representative.