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%.
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
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U.S. Housing Starts Show Big Increase
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