U.S. Housing Starts Were Soft In January
U.S. housing starts began the new year ticking downward 4.5% in January from December to a seasonally adjusted rate of 1.309 million starts. Single-family starts came in at a rate of 841,000 in January, down 4.3%, while multi-family (five units or more) were at 457,000, down 5.4% from December.
The decline in January marked the fourth consecutive monthly decline for the combined starts.
Updated numbers show that housing starts were 1.555 million in 2022, compared to 1.601 million in 2021, with single-family at 1.005 million and multi-family at 533.2 million.
Building permits were at a rate of 1.339 million in January, slightly above the December number. Single-family permits were 718,000, down 1.8% from December, and multi-family was 563,000, up a half percent.
Housing completions were at a rate of 1.406 million in January, a percent above the December rate, with single-family completions at 1.04 million, 4.4% above December, and multi-family at 349,000, down 8.6%.
RELATED ARTICLES
U.S. Housing Starts Dipped Slightly In 2022
U.S. Housing Starts Dip Slightly In November
Housing Starts Continue Negative Pattern
U.S. Housing Starts Dip In September, Both Single-Family & Multi-Family Soften
U.S Housing Starts Break Negative Pattern: Both Single-Family, Multi-Family Increase
U.S. Housing Starts Take Another Dip, Single-Family Declines For Fifth Straight Month
U.S. Single-Family Housing Starts Dip, But Multi-Family Shows Strength
Armor In Housing Starts Reveals Crack
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
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
USDA Finalizes National Environmental Policy Act Reform
USDA Finalizes National Environmental Policy Act ReformThe U.S. Secretary of Agriculture Brooke L. Rollins has announced the U.S. Department of Agriculture (USDA) has finalized a rule modernizing the National Environmental Policy Act (NEPA) regulations. This Final...
Rayonier Will Stay Rayonier
Rayonier Will Stay RayonierRayonier will maintain the Rayonier name after a thorough review of alternatives following its recent merger of equals with PotlatchDeltic, while also introducing a new corporate logo that reflects a fresh brand identity for the combined...
Forest Service Headquarters Moving To Salt Lake City
Forest Service Headquarters Moving To Salt Lake City The U.S. Department of Agriculture’s (USDA) Forest Service (FS) has announced it will move its headquarters to Salt Lake City, Ut., and begin a sweeping restructuring of the agency to move leadership closer to the...
U.S. Endowment Launches $5 Million Funding Opportunity
U.S. Endowment Launches $5 Million Funding Opportunity The U.S. Endowment for Forestry and Communities has announced a $5 million funding opportunity to connect underutilized wood fiber with new buyers, strengthen regional supply chains and keep working forests...
Comact Completes Acquisition Of Oleson Saw Technology
Comact Completes Acquisition Of Oleson Saw Technology Comact, a global leader in high-performance OEM wood-processing technologies, has announced the completion of its acquisition of Oleson Saw Technology, a well-established leader in wide bandsaw blade...
Winwood Forest Products Expanding Sawmill Operations In Mississippi
Winwood Forest Products Expanding Sawmill Operations In Mississippi Natchez, Inc. today announced a significant expansion by Winnwood Forest Products at the Mississippi River Energy Complex, a former IP property in Natchez, marking another investment in Adams...
USDA Invests $115.2M Through Timber Production Expansion Program
USDA Invests $115.2M Through Timber Production Expansion Program At the Advanced Bioeconomy Leadership Conference, U.S. Department of Agriculture Administrator for the Rural Business and Cooperative Service J.R. Claeys announced the USDA is guaranteeing $115.2...
Ashlee Cribb To Lead Gorman Group
Ashlee Cribb To Lead Gorman Group Following the announcement from current CEO Nick Arkle of his intent to retire more than a year ago, the Board and ownership group of Gorman Group has named Ashlee Cribb its next Chief Executive Officer. Cribb joins the Gorman Group...
Burton Mill Solutions Acquires Moraska Saw
Burton Mill Solutions Acquires Moraska Saw Burton Mill Solutions has acquired Moraska Saw Inc., a respected saw service and repair provider that has served the Upper Peninsula of Michigan and Wisconsin since 1973. Founded by Jim Moraska, the company has built its...
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.