Housing starts in January were at a seasonally adjusted annual rate of 1.638 million, a decrease of 4.1% compared with December but up 0.8% compared with January 2021, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development.
Starts of single-family homes were at a rate of 1.116 million, a decrease of 5.6% compared with December. Starts of multifamily homes (five units or more per building) were at a rate