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
Softwood Lumber, Engineered Products Lead Price Increases Among Building Materials
The prices of softwood lumber, gypsum, ready-mix concrete, and OSB all increased in February, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. The increases were led by gypsum products, with softwood lumber a close second....
NAHB CEO: Lumber Price Woes Will Persist
Headaches over the supply and price of North American lumber likely will persist for several years, the CEO of the National Association of Home Builders told lumberyard executives today, adding that one solution he's working on is to promote imports from Chile and...
Rebounding Lumber Market Meets Workforce Challenge
For years Pyramid Mountain Lumber Inc. thought the availability of logs was going to be their limiting factor for profitability and capital improvements. This winter they are up six million board feet in their log yard compared to a year ago. The future is looking...
Global Softwood Lumber Trade Has Increased 66 Percent In Seven Years
Global softwood lumber trade increased 12 percent year-over-year to reach a new record high of 121 million m3 in 2016, per estimates by WRI. Since the global financial recession in 2009, there has been a steady climb in international trade of lumber, with shipments...
Milder Temperatures Bring A New Challenge To Northern Timber Industry
Minnesota has experienced unusually high temperatures recently, even breaking records in some areas. However, while many have seen this as a relief from the state's harsh winter, the timber industry has viewed it as a dilemma. Ray Higgins of the Minnesota Timber...
New York’s Baillie Lumber Co. Acquires J.T. Shannon Lumber Division, Sawmill
New York’s Baillie Lumber Co. Acquires J.T. Shannon Lumber Division, SawmillJ.T. Shannon Lumber completed a going concern sale of its Superior Hardwoods division, including its state-of-the-art sawmill located in Montezuma, IN, to Hamburg, NY-based Baillie Lumber....
Two Companies Go The Greenfield Sawmill Route
Two Companies Go The Greenfield Sawmill RouteArticle by Rich Donnell, Editor-in-Chief, Timber Processing March 2017 Articles on large greenfield sawmills don’t come around too often (though we hope to have one on Biewer Lumber’s new mill in Newton, Miss. in the near...
Trade Jitters Made Lumber February’s Best-Performing Commodity
Lumber futures scored the biggest gain among major commodities for the month of February, as Donald Trump’s first full month as U.S. President fed uncertainty surrounding the nation’s lumber trade dispute with Canada. Random length lumber for May delivery was trading...
Hatton-Brown Partners With Wood Industry Summit At Ligna
Hall 26 will once again be home to the Wood Industry Summit during Ligna 2017 in Hannover, Germany and Hatton-Brown Publishers is once again an official partner of the event. Hatton-Brown Publishers is affiliated with Panel World, Timber Processing and Wood Bioenergy...
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.