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
Federal Judge: USDA Failed To Justify Rule Supporting Lumber Check-Off
The Department of Agriculture (USDA) failed to justify the amount of money it collects from U.S. lumber companies to support an industry marketing campaign, a federal judge ruled. Resolute Forest Products sued the Department of Agriculture in December 2014,...
USDA Awards Funds To Grow Wood Energy And Wood Products Markets
The U.S. Department of Agriculture's Forest Service Chief Tom Tidwell today announced over $8.5 million to expand and accelerate technologies and strategies that promote the use of wood in commercial construction, heat and power generation, and other wood product...
Sluggish Lumber Markets
Article by Dan Shell, Managing Editor Sluggish is the only way to describe it: the stop-and-start nature of the ongoing economic recovery, technically since mid-2009 according to economists’ definitions of recession and recovery. Recent headlines only three days apart...
New Bill Will Push Research For U.S. Wood Building Construction
A new bill from Congress would establish performance driven research for advancing tall wood building construction in the U.S. The “Timber Innovation Act” would: · Authorize the Tall Wood Building Prize Competition through the U.S. Department of Agriculture (USDA)...
Green Building Council Gives LEED Credentials To Contentious Wood Certification
Green Building Council Gives LEED Credentials To Contentious Wood CertificationThat LEED office building where you're sitting right now reading this may be built with the environment in mind, but if it has wood, it may or may not have been legally sourced. Until now,...
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.