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
LP’s $1.1 Billion Acquisition Of Ainsworth Lumber Stymied By Regulators
The $1.1-billion acquisition of Vancouver-based Ainsworth Lumber Co. appears to hit a wall with regulators. Louisiana-Pacific Corporation announced in September 2013 it was buying the B.C. company. But Louisiana-Pacific CEO Curt Stevens announced in a May 8 earnings...
B.C. Lumber Producers Hurt By Building Season’s Slow Start In U.S.
How rapidly U.S. housing construction awakens from a deep winter hibernation will determine how strongly B.C. lumber producers continue their recovery, according to new figures from the accounting and consulting firm PwC. So far this year, lumber producers have been...
Western Forest Products B.C. Sawmill Restarts Following Recent Shooting
Western Forest Products B.C. Sawmill Restarts Following Recent ShootingWestern Forest Products sawmill workers in Nanaimo will return to the job site in a “soft start” following the shooting deaths of two workers. Michael Lunn, 62, and Fred McEachern, 53, were killed...
Washington Lumber Companies Merge To Form Alta Forest Products
Washington Lumber Companies Merge To Form Alta Forest ProductsTMI Forest Products and Welco Lumber Company USA have become Alta Forest Products LLC, a partnership between longtime Western Red Cedar manufacturers. Morton-based Alta took over the ownership, operations...
One Last Look At How Bad It Was In 2007-08
Many people tend to recall that the Great Recession began with the collapse of the Lehman Brothers financial firm in September 2008. But those of us associated with the forest products industry, and especially you who walk up and down catwalks in sawmills every day,...
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.