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
SPI, Puget Sound Energy Team Up
Puget Sound Energy (PSE) has teamed up with Sierra Pacific Industries (SPI) to purchase 17 megawatts (MW) of renewable energy from SPI’s cogeneration plant at its Burlington sawmill in Mount Vernon, Wash., providing locally generated…
Bob Jordan Led Company, Industry, State
Robert Byrd (Bob) Jordan III, who led Jordan Lumber & Supply Inc. to become one of the most progressive sawmill operations and one of the largest lumber producers in North America, who was a 2007…
Our Industry Is On A Mission
Article by Rich Donnell, Editor-in-Chief, Timber Processing April 2020 If you’re looking for optimism during the coronavirus crisis, you might turn to page 54. It’s the same “coming events” listing page that runs in every…
Timber Processing & Energy Expo Is Still A Go
The Timber Processing & Energy Expo (TP&EE) is expected to be held as scheduled September 30 to October 2 at the Portland Exposition Center in Portland, Oregon, announced show producer Hatton-Brown Expositions. “Obviously we continue…
Full Speed Ahead For Hatton-Brown Publishers
Hatton-Brown Publishers Inc. released a statement regarding its operations during the coronavirus crisis as follows: “As we all deal with personal, family and employee health concerns brought on by the coronavirus crisis, we realize it…
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.