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
International Paper Completes Acquisition Of Temple-Inland
International Paper Company today announced that it has completed its acquisition of Temple-Inland, Inc. through the merger of its wholly owned subsidiary Metal Acquisition Inc. with and into Temple-Inland. Temple-Inland is now a wholly owned…
Cersosimo Lumber Knows Wood Energy
Article by Rich Donnell, Editor-in-Chief, Timber Processing (2012) Two of the primary articles in this issue are somewhat related: the announcement of our 2012 Man of the Year and the preview of our upcoming Bioenergy…
Boise Cascade Acquires Washington Sawmill
Boise Cascade Wood Products recently announced it acquisition of the Stimson Lumber Company sawmill in Arden, Wash. The mill will become part of Boise Cascade’s Inland Region, which includes mills in La Grande, Island City,…
Fifty Jobs Lost In Seattle-Snohomish Mill Closure
The Seattle-Snohomish Mill in Snohomish, Wash. will close in March after more than 70 years in business. The mill, which currently employs 50 people, first opened in Snohomish in 1941. “This is a very difficult…
Canada Pleased With Softwood Lumber Agreement Extension
The agreement that ended many years of trade disputes over duties and other barriers to selling wood across the Canada-U.S. border was set to expire in 2013, but will be extended until 2015, and industry…
B.C. Achieves Record Lumber Exports Goal
The province of British Columbia has set a new record that many believed to be unattainable. With lumber export sales of 4.28 billion board feet as of November, exports to China have already surpassed the…
U.S., Canada Extend Softwood Lumber Agreement
A two-year extension to the 2006 Softwood Lumber Agreement (SLA) has been agreed upon, extending the program to October 2015 and granting stability to the volume softwood trade between the U.S. and Canada. The SLA…
Canal Wood Takes Hit For Timber Practices
Canal Wood, the nation’s largest privately held provider of wood fiber supply chain services, has paid the U.S. government $520,064 as settlement related to findings that Canal failed to report approximately 1,000 timber scale tickets…
Stimson Lumber Invests In Oregon Sawmill
Stimson Lumber Company recently invested $5.5 million for mechanical upgrades at its Tillamook, Ore. stud mill. An estimated 5%, or $275,000, was spent in Tillamook County on local contractors, helping to boost the local economy.…
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.