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
B.C.’s Forest Products Industry Restructures For Expected Recovery
A trend whereby B.C. forest products companies have been snapping up sawmills south of the border while shuttering plants here is likely to continue. That prediction, from a new Conference Board report, is part of a good news/bad news story about a sector contributing...
Northwest Sawmills Struggle To Break Even With Thinning On Public Lands
The Finnish hew saw at Duane Vaagen’s mill can make two two-by-fours from a tree no thicker than a loaf of bread. “The magic,” he says, as logs rattle by and emerge seconds later as finished lumber, “is being able to turn such small diameters into a high-quality,...
North American Lumber Prices Begin Their Climb
Spot lumber prices, as reported by the industry publication Random Lengths, headed lower in the final months of 2014 before tumbling in the first 4months of 2015. At the end of April, spot spruce pine fir (S-P-F) 2x4 #2&Btr mill prices stood at $249 per thousand...
Hardwood Checkoff Opponents Win Delay For More Comments
Following a request by Hardwood Checkoff opponents, the woodworking industry now has until Sept. 7 to submit comments on the proposed program. Hardwood Checkoff would set a tax on lumber producers to help promote wood sales, similar to the "Got Milk?" and "Pork: The...
Study Shows That Timber Buildings Cost Less To Build
A new study shows that timber buildings can be up to 10-15% cheaper to construct than traditional designs in several different building types. The study, “Commercial Building Costing Case Studies – Traditional Design versus Timber Project,” was led by Andrew Dunn,...
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.