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
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.…
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…
Low Country BioMass Pellet Plant Utilizing Sawmill Residue
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Low Country BioMass, LLC, Ridgeland, SC, completed construction and began production in mid-November. The pellet plant is on track to finish the commissioning process and begin its 24/7 schedule by 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.