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
All The World’s A Stage
Story by Rich Donnell, Editor-in-Chief Are you aware that Timber Processing magazine has gone global? We haven’t publicized this development much, so it may have slipped by you. This issue, for example, is in the hands of more than 1,200 sawmill owners, managers and...
Here’s The Pitch
Story by Rich Donnell, Editor-in-Chief I was in a good mood on a recent Friday, thinking ahead to the weekend and planning to watch college football, when our receptionist placed the Western Wood Products Assn. 2009 lumber production report on my desk. End of good...
Housing Trends
Story by Jennifer McCary, Senior Associate Editor As a baby boomer I grew up with certain expectations and accepted truisms. One of them was: Renting a home is as foolish as throwing money down the drain. Perhaps borne out of the Great Depression when so many became...
Old School Reporting Will Return One Day
Story by Rich Donnell, Editor-in-Chief I teach now and then at my undergraduate alma mater, Auburn University, which is only an hour up the interstate from our office in Montgomery, Ala. I usually teach when the journalism faculty finds itself one instructor short of...
The Great (Okay, Not So Great) Debate
Story by Rich Donnell, Editor-in-Chief USDA’s Animal and Plant Health Inspection Service (APHIS) has approved ArborGen permit applications for planting and growing genetically engineered (GE) eucalyptus trees in several Southern states. APHIS reached a finding of no...
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.