Housing Starts Finish Year With A Bang
U.S. housing starts, thanks to the single-family market, finished 2020 on a surge, with December housing starts at a seasonally adjusted rate of 1.669 million, a 5.8% increase over November and 5.2% increase compared to December 2019, while preliminary figures show housing starts for all of 2020 at 1.380 million, a 7% increase over 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts in December were 1.338 million, up 12% from November and nearly 28% over December 2019, while 2020 single-family starts came in at 991,000, a 11.7% increase over 2019.
Multi-family starts didn’t fare as well, with 312,000 in December, down substantially from November and 40% down from December 2019, though coming in at 376,000 for the year, down only 3.2% from 2019.
Housing starts in 2020 hit their lowest point in April at 934,000, including 679,000 single-family and 240,000 multi-family.
U.S. housing building permits in December were 1.709 million, a 4.5% increase over November and 17.3% jump from December 2019, while finishing at 1.452 million for 2020, a 4.8% increase over 2019.
Single-family permits were 1.226 million in December, up 7.8% from November and ahead 30% from December 2019, while coming in at 977,000 for the year, a 13.3% increase over 2019. Multi-family permits were 437,000 for December, down slightly from November and down 7.8% from December 2019, and finishing at 429,400 for the year, down nearly 11% from 2019.
RELATED ARTICLES
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
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
Opticom Celebrates 50th Anniversary
Opticom Technologies, a leader in industrial video monitoring solutions, is celebrating 50 years in business. The company, founded in 1973, has evolved to continue offering innovative products as video monitoring technology has advanced. “It’s unique for a video monitoring company to have 50 years of history under its belt,” comments Opticom Global…
Structurlam Temporarily Suspends Arkansas Operations
Structurlam Mass Timber Corp., a mass timber manufacturer in North America, has announced it is temporarily suspending operations and reducing staff at its Conway, Ark., plant due to a customer contract cancellation…
Vaagen Puts Emphasis On Midway Closure
Vaagen Fibre Canada (an affiliate of Vaagen Brothers Lumber) announced it is shutting down its Midway, BC sawmill indefinitely, while indicating it is looking for solutions to keep the operation going, and encouraging those impacted throughout the Boundary, West Kootenay, and Okanagan regions to appeal to the Ministry of Forests…
U.S. Housing Starts Dipped Slightly In 2022
U.S. housing starts for 2022 came in at 1.553 million units, down 3% from 2021, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts took the biggest hit, down 10.6% to 1.007 million, while multi-family (five units or more) increased 14.5% to 528.9 million…
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.