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
Mill Companies Announce Investments; Acquisitions; Sales
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Precisions Hardwoods Invests In Technology Upgrades Located in northern Michigan in the small town of Onaway, Precision Hardwoods is moving ahead on a $12 million expansion project that will boost production…
Roseburg Personnel Changes At Dillard Lumber, Medford MDF, Riddle Plywood
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Roseburg Forest Products has made key personnel decisions at three of its wood processing facilities in Oregon. Kendrick McBride returns to Dillard Lumber in Roseburg, Ore., to serve as plant manager.…
7robotics Promotes Joey Koenig To President
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); 7robotics has promoted Joey Koenig to President, effective January 1, 2025. Since joining the company in September 2021, Koenig has been instrumental in transforming 7robotics from a startup into a recognized…
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.