New Year Brings In Housing Starts Dip
U.S. housing starts dropped 4.1% in January 2022 from December to a seasonally adjusted annual rate of 1.638 million, 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 January were at a rate of 1.116 million, 5.6% below December, while multi-family (five units or more) starts were 510,000, down 2.1% from December.
U.S. Census Bureau now reports that 2021 housing starts came in at 1.597 million, with single-family at 1.125 million, compared to 1.379 million and 990,500, respectively, in 2020
The January starts decline followed three consecutive months of increase.
Housing building permits were at a seasonally adjusted rate of 1.899 million, less than a percent above December, though single-family at 1.205 million was 6.8% above December. Multi-family permit rate was 629,000, down nearly 9% from December.
RELATED ARTICLES
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
Sawmillers Show Up: TP&EE Portland 2022 Was A Success
The recent Timber Processing & Energy Expo, held in Portland, Ore. September 28-30, had a knockout crowd of sawmillers from around the globe walking the aisles. 110 wood producer companies sent representatives to the three-day trade show which featured a sold-out exhibit floor, and one-day…
Valutec TC Kilns See North American Success
As a leading developer and world leader in continuous dry kilns Valutec has delivered more than 2,000 continuous kilns to sawmills around the world. In 2020, the company commissioned North America’s first TC continuous kiln at Pleasant River’s Moose River Lumber in Jackman, Me. Now, another eight kilns are up and running, or being installed in North America…
SmartLam Plans Glulam Facility
SmartLam North America, reportedly the largest manufacturer in North America of cross-laminated timber (CLT), announced it will build a $50 million glulam manufacturing facility in Dothan, Ala. The new SmartLam facility, to be built adjacent SmartLam’s existing CLT facility in a 144,000 sq. ft. structure, will manufacture…
Peak Announce SYP Pellet Mill
Vancouver, Canada-based Peak Renewables plans to build a 180,000 metric tons per year wood pellet mill in Dothan, Ala. The $30 million project will utilize residuals from Rex Lumber sawmills in the area. Construction on the facility is expected to be completed by mid-2023. Peak is building the plant adjacent the SmartLam cross-laminated timber plant and upcoming glulam facility in Dothan…
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.