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
Klausner May Build Third Sawmill In South Carolina
Klausner May Build Third Sawmill In South CarolinaSouth Carolina’s Bureau of Air Quality approved an air quality and construction permit for Austria’s Klausner, which, through its U.S.-based office, appears to be moving forward with building a sawmill on 248 acres...
West Coast Lumber Exports To China Nearly Doubled In Fourth Quarter Of 2012
Lumber exports to China from Washington, Oregon, northern California, and Alaska rebounded in the fourth quarter of 2012, jumping to 89.4 million board feet, an increase of 97.2% compared to the third quarter of the year, according to the U.S. Forest Service’s Pacific...
Softwood Lumber Prices Back On The Rise
Softwood lumber prices in the US and Canada are back on the rise as an improving housing market in the US has fed through to higher levels of demand and Canadian exports of softwood lumber to China are booming, the latest report has found. In its January 2013 edition...
University Of Kentucky Project: Potential In Connecting Carbon Credits To Hardwood
The University of Kentucky's Department of Forestry has completed a project to help hardwood sawmills determine the feasibility of increasing revenues by selling carbon credits tied to their role in producing long-lived wood products that store carbon. Previously, the...
Resolute Forest Products To Build $50M Atikokan Sawmill
Resolute Forest Products will build a new sawmill in the Atikokan area, according to Resolute president and CEO Richard Garneau. The mill will employ about 90 people, with additional indirect jobs related to hauling lumber and residual chips. The company pegs the cost...
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.