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
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,...
Resolute Forest Products CEO Makes Free Trade Case To Canadian Officials
Resolute Forest Products CEO Richard Garneau made the case for free trade in the wood products industry with the U.S., noting that managed trade increases volatility, creating an unpredictable and unstable trade environment between the two large trading partners....
Engineered Wood Could Be A Boon For Oregon’s Wood Products Industry
Solid as steel. Sturdy as concrete. Cross-laminated timber carries these claims and hopes for boosting Oregon’s wood products industry. The engineered wood product is made by gluing together layers of boards, such as 2-by-4s, 2-by-6s and 2-by-8s. The resulting panels...
Slow U.S. Housing Recovery Spells Trouble For Canadian Lumber Producers
West Fraser Timber Co. and Canfor Corp., Canada’s largest lumber producers, are suffering from tepid demand in the U.S. where the recovery in the housing market is stuttering. U.S. housing starts fell a more-than-expected 8.8 percent last month, the Commerce...
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.