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
Tenacity, Innovation Fuel Growth At Wisconsin’s Schmitt Timber
If Wayne Schmitt, owner of Wisconsin’s Schmitt Timber, had his way, every oak, ash or maple board he slices off the log would be top grade; clear-grained, free of knots and blemishes. Those cuts are usually kiln-dried, sold to small manufacturers or tradesmen to be...
Oregon’s Rough & Ready Lumber Co. Back Open
Timber is back at Rough & Ready Lumber Co. "It's exciting to see those old faces and we walk out there and see everybody greeting each other." Jennifer Phillippi is the owner of the Cave Junction sawmill that's been around since the 1900's, excited to re-open...
USDA’s BioPreferred Label Opens To Wood Products Industry
The U.S. Department of Agriculture’s (USDA) BioPreferred program, which designates bio-based product categories for preferred federal procurement, has opened to wood products as of yesterday. This means wood products manufacturers can now apply for a BioPreferred...
Two Years Running
Story by Rich Donnell, Editor-In-Chief Trade shows are known for the endless discussions that go on there as to the future of the wood products industry, the future of the housing market, the future of your operation, a project in the future, a technology in the...
Montana Congressman To Wood Products Industry: I’m Working To Turn It Around
The lack of available timber is the single biggest issue facing the wood products industry in Montana, according to a group of foresters and sawmill managers who spoke with U.S. Rep. Steve Daines during a roundtable discussion on Monday. Daines toured the Roseburg...
New B.C. Sawmill Combustible Wood Dust Policies Take Effect Next Month
Starting Sept. 1, employers in the B.C. sawmill and wood product manufacturing sectors will have to undertake a combustible wood dust risk assessment, implement a dust management program and perform an audit of the program as soon as reasonable possible. The new...
Greenpeace: RFP’s Lawsuit Is Attempt To Silence Critics Of Company’s Practices
Greenpeace has filed court documents saying a lawsuit against it is an attempt to silence its criticism of a forestry company’s harvesting practices. “Greenpeace states that the Plaintiffs’ claims for defamation and interference with economic relations have no merit...
Despite Price Declines, Most North American Hardwood Mills Expect Better Business
North American hardwood sawmills were generally happy with the pace of business during the first half of August. While sales have slowed, as is normal in August, warehouses have not filled up. Mills in most areas have enough logs for this time of year, with the...
Montana Wood Products Industry Officials Say Mills Still Below Capacity
Ads seeking forklift operators and mill laborers at the Missoula Job Service signal improving times for the Montana wood products industry, reflecting the findings of a recent report that showed a bump in wages and hiring at regional mills. But industry insiders say...
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.