Privately‐owned housing starts in December were down 21.8% from December 2021 and down 1.4% from November 2022. Single‐family housing starts in December were up 11.3% from November 2021. An estimated 1,553,300 housing units were started in 2022, up 3% from 2021.
Privately‐owned housing units authorized by building permits in December were down 29.9% from the prior-year period, according to the U.S. Census Bureau. Units were down 1.6% from November 2022.
Single‐family authorizations in December were down 5% from the prior-year period. Authorizations of units were down 6.5% from November 2022.
Privately‐owned housing completions in December were up 6.4% from the prior-year period and down 8.4% from November 2021. Single‐family housing completions in December were down 8% from November 2021. An estimated 1,392,300 housing units were completed in 2022, up 3.8% from 2021.
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at firstname.lastname@example.org.