Header: Header: Header:

Housing Starts Continue Negative Pattern

U.S. housing starts dropped 4.2% in October from September to a seasonally adjusted annual rate of 1.425 million, including a drop in single-family starts of 6.1% to 855,000, and a modest decline of 0.5% in multi-family starts to 556,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.

It marked the second consecutive month of decline, and for the first time this year that single-family starts dropped below an adjusted annual rate of 900,000.

Building permits declined 2.4% to 1.526 million, including a 3.6% drop in single-family permits to a rate of 839,000, while multi-family declined nearly 2% to 633,000.

Housing completions in October came in at 1.339 million, 6.4% down, with single-family at 961,000, declining 8.3%.

RELATED ARTICLES

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

Chris Brown Assumes Role As Mid-South President

Chris Brown Assumes Role As Mid-South President Mid-South Engineering recently bid a happy retirement to President Marc Stewart after 27 years with the company. "Leaving my daily interactions with this team leaves a Mid-South-logo-shaped hole in my heart," Stewart...

Finnish Sawmill Luvia Saha Upgrades Dry Kilns

Finnish Sawmill Luvia Saha Upgrades Dry KilnsWith the goal of increasing drying capacity, Finnish sawmill company Luvian Saha Oy has invested in one new FB-continuous kiln and the modernization of three older continuous kilns from Valutec, and includes the Valmatics...

Stimson, IDL Agreement Protects Idaho Forest

Stimson, IDL Agreement Protects Idaho ForestA group including Stimson Lumber Co., the Idaho Dept. of Lands (IDL), and non-profit Trust for Public Land recently announced an easement agreement that will protect 10,846 acres of working forests in Bonner and Boundary...

Find Us On Social

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

 

Subscribe Now
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.

Complete the form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us