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
Washington’s Northwest Hardwoods Marks 50 Years
Arnold Curtis established Northwest Hardwoods (NWH) in 1967 by creating a single alder mill in Arlington, Washington. With his vision, he set out to transform the under-appreciated alder tree into the high quality lumber product that it is today. Along the way, Curtis...
Multi-Million Dollar Alabama Sawmill Project Right On Schedule
A multi-million dollar sawmill project in Demopolis continues to make progress. The new state-of-the-art sawmill is expected to bring more than new fifty jobs to the area. Demopolis Mayor John Laney says the Two Rivers Lumber Company sawmill project is steadily moving...
U.S. Lumber Coalition Applauds Objectives In NAFTA Talks
The U.S. Lumber Coalition recently commented on the Trump Administration's objectives for the renegotiation of the North American Free Trade Agreement (NAFTA), including the recommendation to preserve the ability of the United States to rigorously enforce its trade...
NAHB: Homebuilder Concerns About Lumber Shortage Rising
Homebuilders are quickly feeling the impact of the looming rise in Canadian lumber tariffs, as more homebuilders are concerned about the availability of building materials. According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, the...
Roseburg Forest Products To Build New Engineered Wood Plant In South Carolina
Roseburg Forest Products To Build New Engineered Wood Plant In South CarolinaOregon-based Roseburg Forest Products will expand its operations in the southeastern United States with construction of a new engineered wood products plant in Chester, S.C. Roseburg publicly...
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.