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
Ben Brydges Appointed Wood-Mizer CEO
Ben Brydges Appointed Wood-Mizer CEOWood-Mizer has named Ben Brydges as Chief Executive Officer. In his new role, Brydges will guide the company into its next phase of strategic growth and product innovation, strengthening Wood-Mizer’s position as a trusted name...
More Than Tariffs Cause Sinclar Forest Products Mill Reductions
More Than Tariffs Cause Sinclar Forest Products Mill ReductionsPrince George, British Columbia-based Sinclar Forest Products is reducing production output at its Apollo Forest Products (Fort Saint James), Nechako Lumber (Vanderhoof) and Lakeland Mills (Prince George)...
DO2 Names Mathieu Laflamme Sales Director
DO2 Names Mathieu Laflamme Sales DirectorDolbeau Oxygene, known as DO2, appointed Mathieu Laflamme as Sales Director for the DO2 Group, which includes DO2 Industrial as well as its automation division, DO2 Control. Laflamme has more than 20 years of experience in...
Fulghum Announces Commissioning At West Fraser Henderson
Fulghum Announces Commissioning At West Fraser HendersonFulghum Industries, Inc. has announced the successful commissioning of a newly installed 170-ft., 45-ton log crane for West Fraser’s expanding operations in Henderson, Tex. The project was initially announced in...
Hancock’s Matt Duprey Named NeLMA Chair
Hancock’s Matt Duprey Named NeLMA ChairHancock Lumber, Casco, Me., Chief Sales Officer, Matt Duprey, has been elected as the newest Chairman of the Northeastern Lumber Manufacturers Assn. (NeLMA). Established in 1933, NeLMA is the rules-writing agency for eastern...
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.