US Housing Starts and New Home Sales plus Lumber Prices: Jan and Feb 2023
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- Опубліковано 12 бер 2023
- • US Housing Starts and ...
Total housing starts in the US for January 2023 were down a little bit compared to Dec 2022, which is normal for the season. Single-family starts were also down slightly compared to Dec, but permits were almost flat.
Full-year 2022 total housing starts were down only -3% compared to 2021, at 1.55 million units. Single-family starts were 1.01 million units, which is down almost -11% from full year 2021.
US new home sales for Jan 2023 were down -19% compared to Jan 2022, indicating the increasing mortgage rates are slowing down what was a potentially overheated housing market.
In full year 2022 there were 644,000 new homes sold, down -16% from full year 2021 when it was 771,000.
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Wow, Keta! “Maybe you shouldn’t be buying” if you’re stretching it thin already. Bravo 👏. Thank you for basically talking common sense 👍
Kéta, thanks for this update. After dumping another 4-6 inches of new snow on us the weather has finally warmed to the 40's. Lots of water and mud but at least you can get a grip on the ground. Hope you are seeing some of the same. With longer days things must get better. Looking forward to the sounds of hammers and saws once again. Hope you're doing well. Thanks for Sharing!
Oh man! I've been waiting for this video!
Lots of snow and cold weather; almost back to the bad ole days. I think housing starts will be more than the last few years. Housing stock are aging rapidly.
Just wait until next winter we haven’t seen bad yet
Yeah things are looking pretty grim .....
I remember when you said prices wouldn’t drop back below $500 a board foot 😂
At these prices the BC sawmills are losing money, so we'll see how long this very down market lasts.