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
Washington’s Northwest Hardwoods Marks 50 Years
Arnold Curtis established Northwest Hardwoods (NWH) in 1967 by creating a single alder mill in Arlington, Washington. With his vision, he set out to transform the under-appreciated alder tree into the high quality lumber product that it is today. Along the way, Curtis...
Multi-Million Dollar Alabama Sawmill Project Right On Schedule
A multi-million dollar sawmill project in Demopolis continues to make progress. The new state-of-the-art sawmill is expected to bring more than new fifty jobs to the area. Demopolis Mayor John Laney says the Two Rivers Lumber Company sawmill project is steadily moving...
U.S. Lumber Coalition Applauds Objectives In NAFTA Talks
The U.S. Lumber Coalition recently commented on the Trump Administration's objectives for the renegotiation of the North American Free Trade Agreement (NAFTA), including the recommendation to preserve the ability of the United States to rigorously enforce its trade...
NAHB: Homebuilder Concerns About Lumber Shortage Rising
Homebuilders are quickly feeling the impact of the looming rise in Canadian lumber tariffs, as more homebuilders are concerned about the availability of building materials. According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, the...
Roseburg Forest Products To Build New Engineered Wood Plant In South Carolina
Roseburg Forest Products To Build New Engineered Wood Plant In South CarolinaOregon-based Roseburg Forest Products will expand its operations in the southeastern United States with construction of a new engineered wood products plant in Chester, S.C. Roseburg publicly...
After 5 Years, Still No Klausner Lumber Mill In South Carolina
After 5 Years, Still No Klausner Lumber Mill In South CarolinaGerman-based Klausner Holding USA announced five years ago it planned to build a lumber mill in Orangeburg County. Company officials at the time anticipated breaking ground in 2014. The summer of 2017 has...
First Southeast U.S. CLT Plant Announced
First Southeast U.S. CLT Plant AnnouncedInternational Beams plans to build the first cross-laminated timber production facility in the Southeastern U.S. in Dothan, Ala. A 227,000 square foot facility, a vacated GE plant, will be the manufacturing site for the...
Mass Timber Gets The Nod For University Of Idaho’s New Basketball Arena
Mass Timber Gets The Nod For University Of Idaho’s New Basketball ArenaThe momentum for mass timber continues to gain strength and speed, with last week’s announcement that the University of Idaho will build its new $30 million basketball arena from wood. Why? Because...
CalAg Rice MDF Plant Is A Go
CalAg Rice MDF Plant Is A GoThe CalAg rice straw-based medium density fiberboard plant is becoming a reality. CalPlant I, as it is called, has completed and closed financing for a $315 million plant to be built in Willows, Calif. with a production capacity of 140MMSF...
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.