Multi-Family Housing Continues Surge
U.S. single-family housing starts in April dipped 7.3% from March to a seasonally adjusted rate of 1.1 million, but multi-family starts (five units or more) shot up 16.8% over March to 612,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Multi-family was up a whopping 42% from April 2021, registering its third consecutive monthly increase, while single-family has recorded two consecutive months of decline.
The combined housing starts in April were 1.724 million, down 0.2% from March, but up 14.6% over April 2021.
U.S. single- and multi-family housing starts were 1.601 million in 2021, following 1.380 million in 2020.
Housing building permits were at a seasonally adjusted rate of 1.819 million in April, which was 3.2% below March. Single-family permits were 1.11 million, down 4.6%, while multi-family was 656,000, down less than a percent from March.
RELATED ARTICLES
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
Sierra Pacific Buys Oregon’s Seneca
Sierra Pacific Industries (SPI) is acquiring Oregon-based Seneca and affiliates, combining two family-owned forest products businesses with strong historical roots on the West Coast. Founded in 1953, Seneca operates a 175,000 acre…
Search NA Announces New President/Owner
Search North America is pleased to announce that Richard Poindexter will be succeeding Carl Jansen as the new President, Owner and Senior Recruiter of Search North America. Search North America is a search, recruiting and placement…
Skeena Sawmills Purchases GradeScan System
Skeena Sawmills has purchased a GradeScan with Perceptive Sight 2.0 from Lucidyne and Wolftek (Lucidyne’s Canadian distributor) for installation in their Terrace, BC planer mill. After closely watching the performance of Lucidyne’s GradeScan…
Housing Starts Dip, Permits Still Gain
Following two months of uptick, U.S. housing starts declined 7% in July from June, showing a seasonally adjusted rate of 1.534 million, which was 2.5% above July 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and…
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.