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
Canfor Sells Sawmill, Piece Of Forest Tenure
Canfor Corp. is selling its Mackenzie, BC sawmill and site to Peak Renewables. Canfor also announced it is selling its forest trnure in the Mackenzie region to McLeod Lake Indian Band and Tsay Keh Dene Nation. “We are very pleased that the sale of the Mackenzie tenure will provide an opportunity for the…
Brunette Brings Portable Sawmills Into Mix
Brunette Machinery Co. Inc. announced the acquisition of D&L Timber Technologies Ltd. D&L develops, manufactures and distributes portable sawmills and wood processing equipment. D&L handcrafted SwingBlade sawmills are renowned for their quality, versatility and low maintenance requirements…
U.S. Housing Starts Gain Momentum
U.S. housing starts picked up the pace in February, increasing 6.8% over January to a seasonally adjusted annual rate of 1.769 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Our Fathers And Their Children
Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2022 – My father-in-law, Dr. Woodward D. Lamar, best known as Woodie, died on Thursday morning, February 24, after a brief illness. He was, as the obituary stated, “99 years of ageless…
Drax Gets Satellite Pellet Plant Going
Drax Group is ramping up to full production at Leola—the first of three new satellite pellet plants it plans for Arkansas. Leola, in Grant County, is part of a $40 million investment by Drax in the state, creating approximately 30 new jobs across all the three sites planned for Arkansas as well as many more indirect jobs…
SFPA EXPO Plans Move To Nashville
The stage is set. 2023 will mark a new tour for the successful Forest Products Machinery & Equipment EXPO, bringing the show for the first time ever to Nashville, Tenn. and its Music City Center convention center located in the heart of downtown. The date is August 23-25, 2023…
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.