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
Weyerhaeuser Announces Philadelphia Lumber Mill Expansion
Weyerhaeuser Announces Philadelphia Lumber Mill ExpansionWeyerhaeuser Co. is investing $57 million to modernize over the next three years at its softwood lumber mill in Philadelphia. Weyerhaeuser said in Monday's announcement the work will be done in phases. Plans are...
Ongoing WorkSafeBC Failures Demand Public Inquiry On Sawmill Explosions
The WorkSafeBC Review and Action Plan released today by the B.C. government fails to restore confidence in the agency's ability to keep workers safe, says the United Steelworkers (USW). "In the aftermath of the horrific explosions in Burns Lake and Prince George and...
U.S. Softwood Lumber Exports Double In Five Years After Promotional Push
Export sales of American softwood lumber nearly doubled in the past five years, reaching $1.1 billion and the highest level in 16 years, reports the Southern Forest Products Association (SFPA). Meanwhile, exports of pressure-treated lumber, a key value-added item...
Emerald Ash Borer Declares Victory Over U.S. Forests
The Emerald Ash Borer is likely to kill 99 percent of the U.S. ash wood trees, says the U.S. Forest Service. Hopes that the super cold winter might kill or at least slow the insects have proved unfounded. Quarantines of infested areas have now spread to 22 states as...
Sierra Pacific To Acquire Hurd Windows, Superseal Windows & Doors
Forest products giant Sierra Pacific Industries announced it will purchase two Wisconsin-based millwork firms, Hurd Windows, and Superseal Windows and Doors, from Longroad Asset Management. Based in Anderson, CA, Sierra Pacific is the largest U.S. millwork company and...
North American Lumber Supply Could Be Impacted By B.C. Land Ruling
North American lumber supplies and prices could be affected by a ruling from the Supreme Court of Canada granting the Tsilhqot'in First Nation title claim on land in central British Columbia. The decision, handed down June 26, gives the group exclusive right to...
California’s Big Creek Lumber Wary Of Growing Greenbelt
California’s Big Creek Lumber Wary Of Growing GreenbeltAnyone entering the mill at Big Creek Lumber, south of Pescadero, is immediately hit by a sensory overload — a cacophony of saws, the rattle of conveyor belts and a prominent pine fragrance. A freshly cut redwood...
U.S. Hardwood Lumber Sellers Facing Fresh Headwinds
Hardwood lumber sellers will face some headwinds this summer from sluggish new home starts and existing home sales, reduced remodeling market growth, and slower exports. Year-on-year growth in sales of kitchen cabinets, residential flooring and other wood products for...
Colorado Timber Products: Making Money From Beetle Mayhem
Colorado Timber Products: Making Money From Beetle MayhemThe beetle epidemic that’s swept Colorado’s forests since 1996 has left behind millions of acres of dead trees. But that doesn’t mean all the trees are worthless. There is a window of time when the dying tree is...
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.