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
Element5 Installs MiCROTEC Goldeneye Scanner
Element5 Installs MiCROTEC Goldeneye ScannerAs part of the $107 million expansion of Element5’s mass timber facility in St. Thomas, Ontario that will double production capacity, the mill has added a new MiCROTEC Goldeneye multi-sensor quality scanner specifically to...
Sawmiller Pens Opinion Article
Sawmiller Pens Opinion ArticleEDITOR’S NOTE: The following opinion article was written by Kirby Kendrick and does not necessarily represent the views of Timber Processing staff. Across Iowa and rural America, generations of families have built their lives around one...
Lumber Quality Workshops Announced
Lumber Quality Workshops AnnouncedTerry Brown and the Lumber Quality Institute will again offer two lumber quality-related workshops in Salem, Ore. at the Scottish Rite Center. Lumber Quality and Process Control Workshop will be held November 10-11, and the Lumber...
New President & CEO Appointed At Great Southern Wood Preserving
New President & CEO Appointed At Great Southern Wood Preserving Jimmy Rane, founder and chairman of the board of Great Southern Wood Preserving, Inc., has announced that Mark Callender, a 34-year veteran of the company, will be elevated to president and chief...
Woodgrain Closing Pilot Rock, Oregon Sawmill
Woodgrain Closing Pilot Rock, Oregon SawmillWoodgrain Inc. filed a WARN notice to Oregon state officials July 1 notifying them that the company was permanently closing its Pilot Rock sawmill, on or after Sept. 1, 2025. The company is consolidating operations with its...
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.