U.S. Housing Starts Continue Upward Trek
U.S. housing starts in October increased 2% from September to a seasonally adjusted rate of 1.372 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts were at a rate of 970,000, about even with September, while multi-family starts were 382,000, an increase of 5%.
Building permits were 1.487 million, up a percent over September, with single-family at 968,000, a half percent increase, and multi-family was 469,000, an increase of 2.2%.
Housing completions were at an annual rate of 1.410 million, down 4.6% from September, with single-family at 993,000, a percent below September, and multi-family at 408,000, a decrease of 12.6%.
RELATED ARTICLES
U.S. Housing Starts Show Significant Jump In September
U.S. Housing Starts Fall While Building Permits Rise
Single-Family Starts Lead U.S. Housing Rebound In July
Housing Starts Decline, But Still Steady
Housing Starts Come On Like Gangbusters
Housing Starts Increase In April
Single-Family Housing Starts Show Strength
U.S. Housing Starts Rebound In February
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
Latest News
U.S. Lumber Coalition Sends Letter Highlighting Trade Law Enforcement Success
U.S. Lumber Coalition Sends Letter Highlighting Trade Law Enforcement SuccessIn a letter to President Trump, the U.S. Lumber Coalition highlights the great success of the enforcement of the U.S. trade laws that has added 8 billion BF of production capacity and...
Canfor Hosts Open House At New Alabama Sawmill
Canfor Hosts Open House At New Alabama SawmillCanfor Southern Pine held an opening ceremony in early February at its new $210 million, 250MMBF annual production capacity southern yellow pine sawmill in Axis, Ala., about 20 miles north of Canfor’s existing sawmill in...
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...
SPONSORED CONTENT: McDonough Manufacturing — Family-Owned, Quality Over quantity
For over 135 years, McDonough Manufacturing has been the trusted name in band mills—not just because we build great equipment, but because we understand what sawmills need.
SPONSORED CONTENT: From Scrap to Solution: Vecoplan Processing Systems
Managing wood scrap and waste is a persistent and growing challenge for wood processors. Rising disposal costs, increasingly stringent sustainability requirements, and the inefficiencies caused by unused wood waste are placing significant pressure on businesses.
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.