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
New Projects Bring In The New Year
Article by Rich Donnell, Editor-In-Chief Numerous mill projects are in the works in the U.S., but as we enter the new year we’re especially keeping our eye on four big ones, as in four new mills, two of which are on schedule to start up this year. Winston Plywood...
Slow Demand, Rising Production Stalls Lumber And Panel Markets
New WOOD MARKETS five-year forecast calls for continued volatility as North American and global lumber markets continue to recover and grow. In WOOD MARKETS’ new five-year forecast, the short-term outlook is that North American and global economies, as well as...
Boise Cascade Expanding South Carolina Plywood Operations
Boise Cascade Company, one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products, is expanding its existing operations in Chester County. The company is investing $23.5 million...
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!