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
Wood Markets Releases Top Lumber Producers Survey
The latest Wood Markets annual survey of the “top 20” Canadian and U.S. lumber producers shows that West Fraser Timber has retained its title of being North America’s largest softwood lumber producer in 2011 with 4.91 billion board feet (bf; or 7.8 million m3 net)....
U.S. Sawmill Production Increased In 2011
Full-year production by U.S. sawmills grew 7.7% in 2011 to 26.712 billion board ft. (bbf) from 24.802 bbf in 2010, according to the latest statistics from the Western Wood Products Assn. (WWPA). Sawmills in the Western U.S. produced 11.867 bbf in 2011, up 6.6%...
Credit Crunch An Unusual Ally In U.S. Lumber Rally
U.S. lumber futures prices have soared about 30% in the past five months, with bets rising 18% since January with help from an odd ally: a credit crunch in the industry. Lumber distributors, who channel supplies from mills to end users, finding it difficult to raise...
Lumber Design Value Changes Approved By ALSC
Following proposals from the Southern Pine Inspection Bureau (SPIB), the American Lumber Standard Committee (ALSC) recently approved a design value change for No. 2 2x4 visually graded southern pine lumber. Southern pine No. 2 2x4s are affected, as well as lower...
Restoration Projects Set For National Forests
Agriculture Secretary Tom Vilsack recently announced a new report, Increasing the Pace of Restoration and Job Creation on our National Forests, which outlines a strategy and series of actions for management on 193 million acres of national forests and grasslands...
McShan Lumber Gets Better With Age
McShan Lumber Gets Better With AgeArticle by Rich Donnell, Editor-in-Chief, Timber Processing 2012 The cover story of this issue is about a sawmill modernization project just completed at McShan Lumber in McShan, Ala. Specifically it’s about the installation and...
Roseburg Forest Products Continues Commitment To Renewable Energy
Roseburg Forest Products, a privately held forest products company with a long history of conservation and promoting sound and sustainable forestry practices, is extending its sustainability commitment to renewable energy. “Sustainably managing all aspects of our...
West Coast Log, Lumber Exports Increased Over Forty Percent In 2011
Log and lumber exports from Washington, Oregon, northern California and Alaska increased 42% in 2011 compared to 2010, totaling 1,992 and 1,015 million board feet according to the U.S. Forest Service’s Pacific Northwest Research Station. Oregon and Washington are...
WFP Positioning For The Future With First Step In Capital Plan
Western Forest Products Inc. recently announced the first project in their capital plan: a $16 million investment in the Saltair Sawmill. Western was joined by Steve Thomson, British Columbia’s Minister of Forests, Lands, and Natural Resource Operations, for the...
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.