The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000, which is 1.4% lower than November’s revised number and 21.8% lower than one year ago. December’s rate for units in buildings with five units or more was 463k. Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,330,000, which is 1.6% below November’s revised number. Authorizations of units in buildings with five units or more were at a rate of 555k in December.
For the year 2022, an estimated 1,553,300 housing units were started, which is 3% below 2021’s figure of
1,601,000. As for building permits in 2022, an estimated 1,649,400 housing units were authorized by building permits which is 5% below 2021’s figure of 1,737,000.