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February 17, 2022US HOUSING STARTS AND BUILDING PERMITS, JANUARY 2022 
Monthly (January 2022 vs December 2021, seasonally adjusted annualized rates)
According to the US Census Bureau and the US Department of Housing and Urban Development, residential building permits increased 0.7% to a seasonally adjusted rate of 1,899,000 permits in January 2022. Permits for single unit structures were up 6.8% while those for structures with 2 to 4 units were down 3.0%. Permits for structures with 5 units or more were down 8.8%.
Compared to December 2021, US housing starts decreased 4.1% to a seasonally adjusted rate of 1,638,000. Single dwelling unit starts were down 5.6% and starts for structures with 5 or more units were down 2.1%
Year-over-year (January 2022 vs January 2021, seasonally adjusted annualized rates)
Compared to January 2021, residential building permits increased by 0.8%. Permits for single unit structures fell 5.0%. Permits for structures with 2 to 4 units increased 18.2%. Permits for structures with 5 units or more increased 12.3%.
Compared to the same month in 2021, US housing starts increased 0.8% in January 2022. Starts for single unit structures decreased 2.4%, while starts for structures with 5 or more units increased 8.7%.
Source: US Census Bureau New Residential Construction
US Census Bureau - retrieved from FRED, Federal Reserve Bank of St. Louis. Monthly data
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