US privately‐owned housing units authorized by building permits in January 2022 were at a seasonally adjusted annual rate of 1,899,000. This is 0.7% above the revised December rate of 1,885,000 and is 0.8% above the January 2021 rate of 1,883,000. Single‐family authorizations in January were at a rate of 1,205,000; this is 6.8% above the revised December figure of 1,128,000. Authorizations of units in buildings with five units or more were at a rate of 629,000 in January, as the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000. This is 4.1% below the revised December estimate of 1,708,000, but is 0.8% above the January 2021 rate of 1,625,000. Single‐family housing starts in January were at a rate of 1,116,000; this is 5.6% below the revised December figure of 1,182,000. The January rate for units in buildings with five units or more was 510,000.
Privately‐owned housing completions in January were at a seasonally adjusted annual rate of 1,246,000. This is 5.2% below the revised December estimate of 1,315,000 and is 6.2% below the January 2021 rate of 1,328,000. Single‐family housing completions in January were at a rate of 927,000; this is 7.3% below the revised December rate of 1,000,000. The January rate for units in buildings with five units or more was 309,000.
