U.S. Single-Family Starts Jump for Sixth Month In Row
U.S. housing starts continue to flourish, rising in October to a seasonally adjusted rate of 1.530 million, a 4.9% increase over September and a whopping 14.2% hike compared to October 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts in October were 1.179 million, up 6.4% from September and an amazing 29.4% over October a year ago.
Multi-family starts, however, continued a downward trend, at 334,000, a 3.2% dip from September and nearly 20% lower than October 2019.
U.S. single-family starts have now increased six consecutive months, since the low of 679,000 during the pandemic shutdown in April.
Housing building permits in October were at 1.545 million, nearly the same as September and 2.8% above October 2019. Single-family permits in October were 1.120 million, a percent above September and 20.6% above October 2019.
Multi-family permits were 365,000 in October, down 6% from September.
Latest News
JD Irving Orders MiCROTEC CT Log
JD Irving, Ltd., a producer of maple, birch and poplar wood products, headquartered in Saint John, New Brunswick, Can., continues its commitment to sustainability and innovation with the purchase of a MiCROTEC CT Log for installation at its operation in St. Leonard, New Brunswick, Can. MiCROTEC’s CT Log computed tomography scanner will allow…
Conway CLT Plant Is Back On Track
Mercer International Inc. and its subsidiary Mercer Mass Timber, a manufacturer of timber building materials, completed the acquisition of Structurlam Mass Timber Corp. and its subsidiaries in mid-June. Mercer Mass Timber immediately takes possession and continues the operation of Structurlam’s manufacturing facilities, which will…
Timberlab Opens Glulam Facility
Timberlab, a nationwide provider of mass timber systems, is opening its second glued laminated timber fabrication facility in Greenville, SC. Timberlab’s goal is to provide the Eastern U.S. with a more regional platform for a sustainable, low-carbon building material and accelerate the mainstream adoption of mass timber construction to benefit the planet and its people…
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.