Armor In Housing Starts Reveals Crack
U.S. housing starts dropped significantly in May 2022, down 14.4% from April to a seasonally adjusted rate of 1.549 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Both single-family and multi-family starts took hits, with single-family declining 9.2% to a rate of 1.051 million, and multi-family dipping 26.8% to 469,000.
The downslides in May come after both single-family and multi-family had one of their best performances of the year in April.
U.S. housing building permits were at a seasonally adjusted rate of 1.695 million, down 7% from April, with single-family at 1.048 million, down 5.5%, and multi-family down 10% to 592,000.
U.S. privately-owned housing completions were at a rate of 1.465 million in May, which was 9.1% above April, led by multi-family’s 33.2% gain to 417,000, while single-family was 1.043 million, up 2.8% over April.
RELATED ARTICLES
Multi-Family Housing Continues Surge
Multi-Family Housing Takes Up Slack For March
U.S. Housing Starts Gain Momentum
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Latest News
USDA Finalizes National Environmental Policy Act Reform
USDA Finalizes National Environmental Policy Act ReformThe U.S. Secretary of Agriculture Brooke L. Rollins has announced the U.S. Department of Agriculture (USDA) has finalized a rule modernizing the National Environmental Policy Act (NEPA) regulations. This Final...
Rayonier Will Stay Rayonier
Rayonier Will Stay RayonierRayonier will maintain the Rayonier name after a thorough review of alternatives following its recent merger of equals with PotlatchDeltic, while also introducing a new corporate logo that reflects a fresh brand identity for the combined...
Forest Service Headquarters Moving To Salt Lake City
Forest Service Headquarters Moving To Salt Lake City The U.S. Department of Agriculture’s (USDA) Forest Service (FS) has announced it will move its headquarters to Salt Lake City, Ut., and begin a sweeping restructuring of the agency to move leadership closer to the...
U.S. Endowment Launches $5 Million Funding Opportunity
U.S. Endowment Launches $5 Million Funding Opportunity The U.S. Endowment for Forestry and Communities has announced a $5 million funding opportunity to connect underutilized wood fiber with new buyers, strengthen regional supply chains and keep working forests...
Comact Completes Acquisition Of Oleson Saw Technology
Comact Completes Acquisition Of Oleson Saw Technology Comact, a global leader in high-performance OEM wood-processing technologies, has announced the completion of its acquisition of Oleson Saw Technology, a well-established leader in wide bandsaw blade...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.