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
U.S. Housing Starts Grew Steadily In 2015
The U.S. Census Bureau & the Department of Housing & Urban Development released its December and total 2015 statistics on new residential starts in the U.S. There were no real surprises with the data, but predicting U.S. housing starts has been virtually...
OSHA Combustible Dust Standard On Back Burner For 2016
The Occupational Safety and Health Administration is not likely to push forward on a comprehensive combustible dust standard in 2016 due to the complexity of the hazard and an already robust regulatory agenda, according to a report by Brian Dabbs in Bloomberg BNA....
Falling Canadian Dollar Complicates Softwood Lumber Trade Negotiations
The Canadian dollar fell below 70 cents US this week for the first time in close to 13 years. It’s gloomy economic news, but one upside is that the dollar’s slide can benefit Canadian commodity exporters. When it comes to the contentious timber trade between Canada...
America’s First Wood High-Rise Building To Debut In Oregon
Wood is a go-to material for floors, doors, furniture, and now, a skyscraper—the very first of its kind in the U.S. Construction on Portland, Oregon’s wood high-rise, Framework, is slated to begin this October. The 12-story mixed-use building—a collaboration between...
Call For Nominations: Softwood Lumber Board Seeks Candidates
The Softwood Lumber Board (SLB) seeks nominations of softwood lumber manufacturers and importers interested in candidacy for Board seats coming open in January 2017. The deadline for nominations is March 4, 2016. The 19-member board will hold elections to fill six...
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.