New Year Brings In Housing Starts Dip
U.S. housing starts dropped 4.1% in January 2022 from December to a seasonally adjusted annual rate of 1.638 million, 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 January were at a rate of 1.116 million, 5.6% below December, while multi-family (five units or more) starts were 510,000, down 2.1% from December.
U.S. Census Bureau now reports that 2021 housing starts came in at 1.597 million, with single-family at 1.125 million, compared to 1.379 million and 990,500, respectively, in 2020
The January starts decline followed three consecutive months of increase.
Housing building permits were at a seasonally adjusted rate of 1.899 million, less than a percent above December, though single-family at 1.205 million was 6.8% above December. Multi-family permit rate was 629,000, down nearly 9% from December.
RELATED ARTICLES
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
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
Housing Starts Finish Year With A Bang
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
B.C. Braces For Timber Supply Slump
Beetle-killed pine trees across the B.C. Interior will start to become uneconomical to log in the next two to five years, resulting a steep drop in timber supply and employment, according to a technical report…
Explosions Trigger Safety Review Of B.C.’s Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); WorkSafeBC has ordered sawmills across the province to immediately investigate sawdust levels and other possible workplace hazards in their facilities, saying the review is urgently needed given explosions at two northern…
GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to…
Log, Lumber Prices Put Squeeze On Western Sawmills
Results of a multi‐client benchmarking study show that in spite of operational improvements, dimension lumber mills in the U.S. West have struggled to overcome the narrowing gap between log prices and lumber selling values. The…
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.