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
Labor, Materials Issues Cause Project Delays
The same labor availability issues that have plagued forest products manufacturers since the COVID pandemic began are also plaguing builders as the economy seeks to rebound. According to a survey of more than 2,000 construction companies…
SFPA Expo Gets It Done, TP&EE 2022 Next Up
Article by Rich Donnell, Editor-In-Chief, Timber Processing September 2021 – A tip of the cap goes to Eric Gee, executive director of Southern Forest Products Assn., and his SFPA team for producing an excellent machinery exposition in mid-August at the Georgia World Congress Center in Atlanta…
Mercer Purchases Katerra CLT Facility
Mercer International Inc., a global forest products company based in Vancouver, BC, reported it received approval from the applicable Bankruptcy Court for the purchase by its subsidiary, Blue Varsity, of the cross-laminated timber…
Sierra Pacific Buys Oregon’s Seneca
Sierra Pacific Industries (SPI) is acquiring Oregon-based Seneca and affiliates, combining two family-owned forest products businesses with strong historical roots on the West Coast. Founded in 1953, Seneca operates a 175,000 acre…
Search NA Announces New President/Owner
Search North America is pleased to announce that Richard Poindexter will be succeeding Carl Jansen as the new President, Owner and Senior Recruiter of Search North America. Search North America is a search, recruiting and placement…
Skeena Sawmills Purchases GradeScan System
Skeena Sawmills has purchased a GradeScan with Perceptive Sight 2.0 from Lucidyne and Wolftek (Lucidyne’s Canadian distributor) for installation in their Terrace, BC planer mill. After closely watching the performance of Lucidyne’s GradeScan…
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.