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
TP&EE Hosts Mass Timber Developments
The biennial Timber Processing & Energy Expo, following a pandemic-induced cancellation in 2020, returns this September 28-30 to the Portland Exposition Center in Portland, Ore. Hatton-Brown Expositions, an affiliate of Panel World magazine, has hosed the event since 2010.
“It’s hard to believe it has been four years since TP&EE was held, and what a strange trip it has been,” comments Rich Donnell, TP&EE Show Director and Editor-in-Chief of Panel World. “The important thing is that we’re back face-to-face. ‘Virtual’ is okay, but it’s not like being there.”
RoyOMartin Adds Natalie Monroe To Executive Leadership Team
RoyOMartin has named Natalie Martin Monroe Vice President of Environmental, Safety, and Sustainability Operations. She will also serve as a member of the Strategic Action Leadership Team (SALT) and the Corporate Secretary for the Martin Sustainable Resources (MSR) Board of Directors…
Softwood Board, FS Announce Mass Timber Awards
The Softwood Lumber Board (SLB) and USDA Forest Service recently awarded $2 million total to six projects that highlight innovative architectural design and mass timber’s significant role in carbon reduction. According to SLB officials, lessons learned from each project will be shared with the construction community to help support future projects, including cost analyses, life cycle assessments and other research results…
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!