Header: Header: Header:

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.

Latest News

Pyramid Mountain Closing Sawmill

Reports in late March indicate that Pyramid Mountain Lumber plans to close its Seeley Lake, Mont. sawmill. Pyramid announced its board of directors and shareholders unanimously voted “with the heaviest of hearts” to shut the mill and wind down operations as a result of a financial crisis that is worse than challenges the mill weathered in 2000, 2007 and 2015.

Ransford Automates Post-Pointing Line

Charles Ransford & Son is a producer of British timber products operating on a 38 acre site at Bishops Castle in Shropshire, with fencing and landscaping products represent the lion’s share of its production. The 55 employees work on a single shift, dealing predominantly with redwood.

Robbins Lumber Lists Hancock Sawmill Site For Sale

Robbins Lumber has listed its 100-acre sawmill complex in Hancock, Maine for sale with a price of $2.5 million. This site was acquired from Pleasant River Lumber in 2023 by Robbins. Included in the property sale are kilns, a planer mill, truck scale and a 42,000 sq. ft. sawmill with an attached machine shop. The property also includes a fully leased apartment building.

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.