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.
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
Single-Family Housing Starts Go Up
Vaagen Thanks Support For Midway Sawmill
The outpouring of support for Vaagen Fibre Canada’s Midway, BC sawmill, upon the early January Vaagen family announcement of the mill’s impending closure, was substantial, but apparently hasn’t changed the disappointing outcome, at least for now. The Vaagen family, whose Vaagen Brothers Lumber headquarters and sawmill is in Colville, Wash., announced on…
Mercer Gains Mass Timber Contract
Mercer International Inc. reported it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is composed of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer’s Spokane, Wash. facility on a one-shift basis over the course of 2023…
U.S. Housing Starts Rebound In February
U.S. housing starts brushed off a sluggish January and reached a seasonally adjusted rate of 1.45 million in February, up 9.8% over January. Single-family starts were 830,000, a percent above January, while multi-family (five units or more) were at 608,000, up a whopping 24% over January. The uptick in February broke a four-consecutive monthly decline for the combined starts…
Cooper Machine Partners With EWD
Cooper Machine Co., a long-established manufacturer of quality sawmill equipment located in Wadley, Ga., announced that it is partnering with German-based sawmill machine manufacturer EWD Sagetechnik. Cooper Machine has been offering equipment for sawmill, pallet, and post and pole mills since 1965. The company is in its third generation of successful management…
Canfor DeRidder Has Log Cranes In Place
Fulghum Industries, Inc. reports the commission of two recently installed 170 ft. 45-ton log cranes for Canfor. The cranes will be feeding the new $160 million sawmill at DeRidder, La…
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