U.S. Housing Starts Continue Upward
U.S. housing starts (single-family and multi-family combined) were a seasonally adjusted rate of 1.547 million in November, an increase of 1.2% over October and 12.8% above November 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Housing had fallen to below 1 million seasonally adjusted in April during the early stages of the pandemic.
Single-family starts were at a rate of 1.186 million in November, a slight tick over October and a whopping 27.1% over November a year ago. Single-family starts increased for the seventh straight month, since falling below 700,000 in April.
Multi-family was 352,000 adjusted in November, 8% above October.
Housing building permits in November were at a 1.639 million rate, a 6.2% increase over October, and 8.5% above November 2019. Single-family permits were at 1.143 million, a 1.3% increase over October. Multi-family permits were rated at 441,000 in November, a 22.8% jump over October.
RELATED ARTICLES
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
Aging Like A Fine. . .Sawmill?
Article by Jessica Johnson, Senior Editor, Timber Processing April 2023 –Often I wonder what the future holds. I close my eyes and try to think 10, 15, 20 years down the line—30 years seems like a lifetime. Right now, in this moment, I’m a young mom, with young kids. I am in…
Vaagen Thanks Support For Midway Sawmill
The outpouring of support for Vaagen Fibre Canada’s Midway, BC sawmill, upon the early January Vaagen family announcement of the mill’s impending closure, was substantial, but apparently hasn’t changed the disappointing outcome, at least for now. The Vaagen family, whose Vaagen Brothers Lumber headquarters and sawmill is in Colville, Wash., announced on…
Mercer Gains Mass Timber Contract
Mercer International Inc. reported it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is composed of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer’s Spokane, Wash. facility on a one-shift basis over the course of 2023…
U.S. Housing Starts Rebound In February
U.S. housing starts brushed off a sluggish January and reached a seasonally adjusted rate of 1.45 million in February, up 9.8% over January. Single-family starts were 830,000, a percent above January, while multi-family (five units or more) were at 608,000, up a whopping 24% over January. The uptick in February broke a four-consecutive monthly decline for the combined starts…
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.