Housing Starts Finish Year With A Bang
U.S. housing starts, thanks to the single-family market, finished 2020 on a surge, with December housing starts at a seasonally adjusted rate of 1.669 million, a 5.8% increase over November and 5.2% increase compared to December 2019, while preliminary figures show housing starts for all of 2020 at 1.380 million, a 7% increase over 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 December were 1.338 million, up 12% from November and nearly 28% over December 2019, while 2020 single-family starts came in at 991,000, a 11.7% increase over 2019.
Multi-family starts didn’t fare as well, with 312,000 in December, down substantially from November and 40% down from December 2019, though coming in at 376,000 for the year, down only 3.2% from 2019.
Housing starts in 2020 hit their lowest point in April at 934,000, including 679,000 single-family and 240,000 multi-family.
U.S. housing building permits in December were 1.709 million, a 4.5% increase over November and 17.3% jump from December 2019, while finishing at 1.452 million for 2020, a 4.8% increase over 2019.
Single-family permits were 1.226 million in December, up 7.8% from November and ahead 30% from December 2019, while coming in at 977,000 for the year, a 13.3% increase over 2019. Multi-family permits were 437,000 for December, down slightly from November and down 7.8% from December 2019, and finishing at 429,400 for the year, down nearly 11% from 2019.
RELATED ARTICLES
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
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
Flush With Lumber, N.A. Hardwood Buyers Slow Purchases
North American hardwood sawmills reported slow sales during the first half of March. “Normally we see business improve from the second week of January through May,” said one contact. “This year, we are quoting and…
Georgia-Pacific Concludes Deal For Alabama Lumber Facility
Georgia-Pacific today announced it has concluded an agreement with RoyOMartin for the transfer of RoyOMartin’s Mexia, Alabama, Rocky Creek lumber operations to Georgia-Pacific. The Rocky Creek lumber facility employs approximately 110 employees. Terms of the…
West Coast Log And Lumber Exports Decreased In 2014
Log and lumber exports from Washington, Oregon, northern California, and Alaska both decreased in volume in 2014 compared to 2013, the U.S. Forest Service’s Pacific Northwest Research Station reported today. Exports of west coast logs…
Lumber Producers Brace For End Of Long Truce In U.S.-Canada Lumber Wars
Canada’s lumber producers should be a happy lot. The U.S. housing market is coming back, exports are rising and the Canadian dollar is cheap. But the industry has a wary eye on its own version…
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.