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
Simpson Lumber Company Announces Washington Mill Closures
Simpson Lumber Company Announces Washington Mill ClosuresSimpson Lumber Company LLC delivered a blow to the city of Shelton, announcing that the company will close two mills, which will result in about 270 jobs lost. The closures are part of an asset sale agreement...
Study: Wooden Buildings Are Cheaper And Cleaner
Study: Wooden Buildings Are Cheaper And CleanerAlthough it may seem counter-intuitive, it would be better if we built buildings from wood than from concrete, brick, aluminum and steel. We use millions of tons of these modern materials every year. They have many...
U.S. Exports Of Logs And Lumber Continue Slide
U.S. Exports Of Logs And Lumber Continue SlideU.S. exports of logs and lumber via ocean container declined year-over-year in January for the fourth consecutive month, partly because of declining demand from China and unfavorable exchange rates. After growing 9 percent...
American Wood Council Awarded USDA Grant To Research Tall Wood Construction
The American Wood Council has been awarded a $250,000 grant from the U.S. Department of Agriculture (USDA) to conduct research on the fire performance of mass timber buildings. AWC will partner with the National Fire Protection Association's (NFPA) Fire Protection...
Vermont’s Britton Lumber Hopes To Rebuild Sawmill
Vermont’s Britton Lumber Hopes To Rebuild SawmillAlmost two weeks after a four-alarm fire leveled the sawmill at Britton Lumber Co., officials there announced their intentions to rebuild the sawmill and continue the company’s other operations as usual. “That’s what’s...
USDA Awards Funds To Expand, Accelerate Wood Product Markets
Today USDA Secretary Tom Vilsack announced the award of over $9 million to expand and accelerate wood energy and other wood product markets. The federal funds will leverage $22 million in investments from partners, resulting in a total investment of $31 million in 23...
Arizona Contractor’s Plans For Lumber Mill On Hold
Plans for a lumber mill in Williams by the contractor overseeing a massive forest-thinning project in northern Arizona's forests appear stuck on the back burner. Good Earth Power AZ was reissued a grading permit this week, but it could be several weeks before...
U.S. Hardwood Lumber Exports Slow, World Markets Oversupplied
U.S. hardwood lumber exports totaled 116 million board feet in January—the latest month with available trade data—which was virtually unchanged from the prior month but down 14% from January 2014. Year-on-year shipments to Asia and Europe were down 22% and 6%,...
Canadian Lumber Companies Boost U.S. Mill Activity As Domestic Production Wanes
Canadian Lumber Companies Boost U.S. Mill Activity As Domestic Production WanesCanada’s top lumber companies, struggling to make two-by-fours from trees killed by the mountain pine beetle, made less lumber at home in 2014, but made up for it by increasing production...
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.