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
AWC Announces New Chairman Of Board Of Directors, Adds New Member
The American Wood Council (AWC) has announced the election of PotlatchDeltic President and CEO Eric Cremers as the Chairman of the AWC Board of Directors for a two-year term, effective January 1, 2022…
USNR, WFG Sold To Equity Firm
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the previously announced acquisitions of USNR and Wood Fiber Group. OEP reports it subsequently merged the two businesses, with projected 2021 revenues greater than $500 million…
Single-Family, Multi-Family Starts Flourished In November
U.S. housing starts increased a whopping 11.8% in November over October to a seasonally adjusted annual rate of 1.679 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential…
2021 Will Go Down As One Busy Year
Article by Rich Donnell, Editor-in-Chief, Timber Processing December 2021 – As the year winds down, we once again take a quick look back through it. Needless to say, everything that happened rode on the dark wings of the pandemic…
Sawmill Industry Is Still In A Sprint
Article by Rich Donnell, Editor-in-Chief, Timber Processing November 2021 – The numbing noise of nothingness. I’m referring to those times in the lumber market cycle when profits don’t exist and pessimism takes hold. Anybody in the lumber industry who has some age on them has…
BC Plans Rankles Industry
Susan Yurkovich, President and CEO of the BC Council of Forest Industries, says the British Columbia Government’s apparent intention to defer 2.6 million hectares of old-growth across British Columbia will have a “profound and devastating impact on people, families and communities across the province…
Idaho Producers Supply Mass Timber Arena
Industry stakeholders of all types worked to supply materials for the recently opened ICCU Basketball Arena at the University of Idaho in Moscow. The 4,000 seat facility, which opened in October 2021, incorporates several innovative mass timber elements across some of the longest spans in the country. Designers…
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
U.S. housing starts decreased slightly in October to a seasonally adjusted rate of 1.520 million, down 0.7% from September, while up 0.4% from October 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly…
Northwest Hardwoods Plans Move Of Head Office To Texas
Major hardwood lumber producer Northwest Hardwoods is relocating its head office from Tacoma, Wash. to Frisco, Tex. CEO Nathan Jeppson states, “This is an important move for our company as we position for long-term growth, and…
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.