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
Location Of Ignition Sources Identified For Two B.C. Sawmill Blasts
WorkSafeBC recently warned forest companies the ignition sources for two fatal sawmill explosions took place in “contained areas” housing electrical and mechanical equipment in the basement or lower levels of the two mills. The regulatory…
Gulf South Forest Products Receives Presidential “E” Award
Gulf South Forest Products was recently awarded the Presidential “E” Award for Exports by U.S. Department of Commerce Secretary John Bryson at the White House in Washington, D.C. The “E” Awards are the highest recognition…
West Coast Lumber Exports Increase Slightly In The First Quarter Of 2012
West coast lumber exports increased slightly in the first quarter of 2012, just under 2% for a total of 234 million board feet worth $156 million, according to the U.S. Forest Service’s Pacific Northwest Research…
Winslow Wood Mill Set For 2013
A Montana-based company won a contract Friday for the biggest-ever thinning project in U.S. history designed to restore northern Arizona forests to health. Pioneer Associates of Billings, Mont., will use the wood from 300,000 acres…
UFP Purchases Alabama-Based Manufactured Housing Supplier
Universal Forest Products, Inc. recently announced that a subsidiary of the Company has purchased certain assets of Haleyville, Ala.-based MSR Forest Products, LLC, a supplier of roof trusses and cut-to-size lumber to the region’s manufactured…
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.