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
Following Montana Mill Closures, Weyerhaeuser Mum On Future Plans
Following Montana Mill Closures, Weyerhaeuser Mum On Future PlansThe Cedar Palace, the former Plum Creek Timber Co. administrative office in Columbia Falls from which a timber giant reigned for decades, has shuttered and is awaiting a new fate. The 37,000-square-foot...
Trump Adviser: Canada Not A NAFTA Target
Canada has a "very special status" and is unlikely to be hit hard by changes the United States wants to make to the NAFTA trade accord, the head of a business advisory council to U.S. President Donald Trump said on Monday. Stephen Schwarzman made his remarks after...
American Wood Council Industry Progress Report Shows Improvements
The American Wood Council (AWC) has released its second Industry Progress Report, detailing the wood products manufacturing industry’s performance across a number of environment, energy and safety measures. “The report shows that there have been significant...
Mississippi State University Furniture Academy Aims To Increase Skilled Labor
A new Furniture Academy at Mississippi State University (MSU) will show aspiring workers how to make furniture. Nearby community colleges and economic development groups are working with furniture makers to create the 28-hour program, which is an introduction to how...
Wood Markets: Impact Of Duties On Canadian Lumber Exports To U.S.
The topic of export duties on Canadian lumber exports to the U.S. is now revving up, given the announcement by the US ITC this week. On January 9, 2017, the US International Trade Commission (US ITC) ruled on its Preliminary Determinations regarding injury from the...
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.