US Housing Starts and New Home Sales plus Lumber Prices: Jan and Feb 2023

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.

Go to the website to get a sample of the full 500 individual lumber and panel commodity prices for that week, as well as the market commentary explaining why the prices are changing.