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
Forest Sector’s Latest Push: High-Tech Lumber For Tall Towers
Canada’s forestry sector is touting a new generation of high-tech lumber as a way to gain a foothold in a part of the construction industry from which it has long been shut out: condominiums. Officials at the Forest Products Association of Canada are pushing to have...
B.C. Sawmill Destroyed By Fire Will Be Rebuilt
A sawmill in Prince George, British Columbia will be reconstructed on the same site after being destroyed by an explosion and fire that killed two people last year. “April 23, 2012 was the worst day in our company’s history, and it began a year of challenge and sorrow...
Ligna Offers World Stage For Sawmill Equipment Suppliers
Story by Rich Donnell, Editor-in-Chief If you’re questioning whether the sawmill machinery industry has gone global, simply turn to page 22 for the beginning of our Ligna preview section and you’ll quickly arrive at the conclusion that it has indeed. “Ligna” is the...
“Top 20” Lumber Producers Report Indicates Renewed Industry Optimism
“Top 20” Lumber Producers Report Indicates Renewed Industry OptimismThe latest Wood Markets annual survey of the “top 20” Canadian and U.S. softwood lumber producers shows an uneven trend across North America for 2012: U.S. softwood lumber production increased 6.3% to...
U.S. Housing Starts Surge 27 Percent Above 2012 Rate
Housing starts in February rose 0.8% from January, to a seasonally adjusted annual rate of 917,000, the Census Bureau said Tuesday. The rate is 27.7% above February 2012. Single-family starts were running at a 618,000 annual rate, up 0.5% from January. In addition,...
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.