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
West Salem Unveils New Website
West Salem Machinery (WSM) has announced the launch of its newly redesigned website, www.westsalem.com, aimed at modernizing the user interface and making valuable information more intuitive and accessible.
Weyerhaeuser Continues THRIVE Program
Weyerhaeuser Continues THRIVE ProgramWeyerhaeuser has announced a commitment to invest $1 million in Raymond, Wash., through the company's THRIVE program, which was launched in 2023 to provide targeted assistance to five of its rural operating communities. Through the...
Two More Oregon Mills Go Down: Malheur, W. Cascade Closures
Two More Oregon Mills Go Down: Malheur, W. Cascade ClosuresTwo more Oregon sawmill operations have announced imminent closures, extending a run of bad news that began earlier this year and the announcements now make seven mills in the state that have quit operating in...
NHLA Receives Second Grant From Forest Service
National Hardwood Lumber Assn. (NHLA) is proud to announce that it has beenawarded its second $500,000 matching grant from the USDA Forest Service Wood Innovations Program.
Canfor Announces Transition; Yurkovich Becomes CEO
John Baird, Chairman of the Canfor Corp. Board of Directors, announced today that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year.
AWC Will Receive $6 Million Grant
AWC Will Receive $6 Million Grant American Wood Council (AWC) has been selected for a $6 million grant from the Environmental Protection Agency (EPA) to increase transparency in the U.S. wood product industry by further developing Environmental Product Declarations...
SFPA Announces Sawmill Safety Award Winners
SFPA Announces Sawmill Safety Award Winners Southern Forest Products Assn. announced the recipients of the John Edgar Rhodes 2023 Sawmill Safety Excellence Awards. The awards embody the impact, dedication and legacy of the association’s founding leader, John Edgar...
Carbotech Group, Finnos Announces Partnership
Carbotech Group, Finnos Announces Partnership Carbotech Group is pleased to announce a collaboration agreement with Finnish company Finnos. As a result of the agreement, Carbotech Group will become the exclusive distributor of Finnos’ innovative products. ...
Remembrances Every Five Years
Always one to have fun with numbers, let’s have some fun now. You’ll notice that this issue marks the 46th time Timber Processing has published the Annual Lumbermen’s Buying Guide. That means the first one was published in 1979. So, beginning with 1979, and in five-year intervals, here are some tidbits that were also published in the Buying Guide in those respective years.
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.