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
Huge Sawmill Could Bring Up To 300 Jobs To S.C. County
If Orangeburg County lands the state’s largest sawmill, it could gain up to 300 jobs and a better option for its timber owners, according to forestry and business officials. German-based Klausner Holding USA Inc. is considering placing a lumber mill on approximately...
Sawmill Reopens In Radium Hot Springs After $38.5 Million Upgrade
Canfor Corp. has reopened its sawmill in Radium Hot Springs, B.C., after a $38.5-million upgrade. The company says once the mill is operating at full capacity next year it will produce 240 million board feet annually and employ 144 people. In addition to an upgrade to...
U.S. Lumber Soars On Demand Hopes After Sandy Damage
U.S. lumber futures soared on Wednesday on expectations for demand to increase in the aftermath of monster storm Sandy that caused massive flooding in the northeastern United States, damaging numerous homes that would need rebuilding. The storm, which made landfall on...
Canfor Posts $22 Million Profit In Third Quarter On Improved Lumber Markets
Canfor Corporation is reporting it swung back to profitability in the third quarter compared to the same period last year, citing a moderate improvement in lumber markets. The company posted net income of $22.2 million, or 16 cents per share, for the third quarter...
International Exchange
International ExchangeArticle by David Abott, Senior Associate Editor, Timber Processing (2012) For decades, Timber Processing has been earning a reputation as one of the most respected and trusted publications covering this industry in the United States. But, in a...
Colorado Lumber Mill Developer Selects Site
Colorado Lumber Mill Developer Selects SiteColorado Timber Resources LLC recently purchased the former Valley Recycling property where they plan to open a lumber mill by the end of October. The mill will be creating 2x4s from beetle killed trees in the area, giving...
Mississippi Sen. Roger Wicker Wants Science-Based ‘Green’ Programs
While many have gone gaga over environmentally friendly green buildings, U.S. Sen. Roger Wicker, R-Miss., said Tuesday that some energy-efficient standards are hurting the American wood products industry. Wicker made the comments while visiting J.T. Shannon Lumber Co....
Improved U.S. Housing Good News For Lumber Industry
A new report shows some of New Brunswick's wood products manufacturers could soon experience a rebound, due to an improving housing market south of the border. A report released by Scotiabank points out an increased demand for wood products in the U.S. According to...
Reopened Wyoming Mill Will Provide 80 New Jobs
A sawmill will reopen in Saratoga in December with a new owner and more than 80 new job opportunities. The mill, now known as Saratoga Forest Management, was purchased by Gary Ervin of Oregon in April 2011. Bob Jensen, CEO of the Wyoming Business Council, said an...
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.