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
British Columbia Surpasses 2010 Lumber Export Record
British Columbia has broken another record in lumber exports to China this year, with shipments already surpassing 2010's record total. According to the latest international merchandise trade data released by Statistics Canada, lumber exports over the first eight...
SYP Design Values Are Under Attack
Story by Rich Donnell, Editor-in-Chief I have witnessed two product-related crises in the southern pine lumber industry during my nearly 30 years of writing for this magazine. The first occurred in the mid 1980s, when southern pine lumber producers received a serious...
Oregon Lumber Company Planning Extended Downtime
Swanson Lumber recently announced that they are planning extended shutdowns due to hard times in the lumber industry at sawmills in Glendale and Roseburg, which will idle about 700 workers. The mills will shut down for two weeks starting Nov. 14. Two company owned...
Georgia-Pacific Closing Two Southeastern Mills
Georgia-Pacific Closing Two Southeastern MillsGeorgia-Pacific announced on November 1, 2011 that it is closing two sawmills in the southeast, one in Monticello, Ga. and one in Marion County, Miss. The closing of the Monticello mill, a stud plant, will affect about 50...
Georgia Mill Planning Downtime
Georgia Mill Planning DowntimeJordan Forest Products in Barnesville, Ga. is closing its lumber manufacturing plant during the months of November and December. The 91 workers there were notified on October 18 of the scheduled downtime that has been blamed on “a poor...
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.