U.S. Housing Starts Dip Slightly In November
U.S. housing starts (combined single-family and multi-family) showed a slight decline in November, coming in at a seasonally adjusted rate of 1.427 million, 0.5% below October, and 16.4% below starts in November 2021, 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 828,000, down 4.1% compared to October, and recording the third consecutive monthly decline; but multi-family came in at 584,000, up 4.8% over October.
Building permits declined 11.2% to 1.342 million, including a 7.1% drop in single-family to 781,000, and a 17.9% dip in multi-family to 509,000 compared to October.
Miramar Beach, Sandestin, Fla.
Housing completions in November were 1.490 million, an increase of 10.8% over October, including single-family completions at 1.047 million, up 9.5%, and multi-family completions at 430,000, up 16% from October.
Latest News
U.S. Hardwood Veneer And Plywood Market Report 2016
Research and Markets has announced the addition of the "U.S. Hardwood Veneer And Plywood Market - Analysis And Forecast to 2020" report to their offering. The report provides an in-depth analysis of the U.S. hardwood veneer and plywood market. It presents the latest...
Engineered Lumber Industry Sees A Positive Boost
Like much of the industry, engineered wood producers are still navigating a fickle recovery in which builders are challenged by supply constraints, tight lending, and hard-to-come-by lots. Though the market is emerging from the recession, it’s still on the slow side....
Universal Forest Products Will Expand Internationally
Michael Mordell, a senior executive of Universal Forest Products, Inc., was named Executive VP of International Operations to lead a new international division, UFP Global Holdings, Ltd., based in the United Kingdom. Mordell will be responsible for sales, production,...
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!