U.S. Housing Starts Complete Robust Year
U.S. housing starts increased 1.4% in December over November to a seasonally adjusted annual rate of 1.702 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. It’s also 2.5% above December 2020.
The latest preliminary numbers (subject to increase) reveal an estimated 1.595 million housing units started in 2021, a 15.6% increase over 2020; with single-family up 13.4% and multi-family increasing 22% for the year.
Single-family starts dipped 2.3% in December to 1.172 million, while multi-family starts (five units or more) were at a rate of 524,000, up 13.7% over November and a whopping 56% compared to December 2020.
The total U.S. housing starts figure for December, combining single-family and multi-family, was the third consecutive monthly increase and represents the second highest monthly number of 2021, following March.
Housing building permits were at a seasonally adjusted rate of 1.873 million in December, an increase of 9.1% over November. Single-family permits were 1.128 million in December, an increase of 2% above November. Multi-family permits were at a rate of 675,000 in December, an increase of nearly 20% over November.
An estimated 1.725 million housing units were authorized by building permits in 2021, an increase of 17.2% over 2020.
RELATED ARTICLES
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
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.