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
Brunette Machinery Acquires Salem Machinery
Brunette Machinery Acquires Salem MachineryBrunette Machinery Co. Inc. announced its asset purchase of Salem Equipment Inc., a longtime leading U.S. manufacturer of sawmill machinery. According to Brunette Machinery, the acquisition strengthens the company’s North...
Hampton Lumber Breaks Ground On South Carolina Sawmill
Hampton Lumber Breaks Ground On South Carolina Sawmill In early November Hampton Lumber officials welcomed South Carolina Governor Henry McMaster and other dignitaries for a groundbreaking ceremony at Hampton’s new sawmill in Allendale County, SC. “We appreciate the...
West Fraser To Idle Mills In Georgia, British Columbia
West Fraser To Idle Mills In Georgia, British Columbia West Fraser Timber Co. Ltd. announced in early November it will permanently close both its Augusta, Ga. and 100 Mile House, British Columbia sawmills by the end of 2025 following an orderly wind-down. The decision...
Oregon State To Host Lumber Drying Workshop
Oregon State To Host Lumber Drying Workshop Oregon State University in Corvallis will host “How to Dry Lumber for Quality and Profit” on December 16-18, 2025. This is the 76th annual offering of such a workshop for kiln operators, supervisors, and other mill...
USNR Parent Company Acquires Norwood Sawmills
USNR Parent Company Acquires Norwood Sawmills USNR, a global supplier in wood processing technologies, is pleased to announce that Norwood Industries, a supplier of portable sawmills, has joined its corporate family. Norwood will operate as an independent sister...
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.