Housing Starts Increase In May, Far Ahead Of One Year Ago
U.S. housing starts bounced back in May following a dip in April. Housing starts (single-family and multi-family combined) came in at a seasonally adjusted annual rate of 1.572 million, a 3.6% increase over April and 50% above May 2020 when housing was still feeling the pandemic.
Single-family starts in May were at a rate of 1.098 million, a 4.2% increase over April and 50% over May a year ago. Multi-family in May was 465,000, up 4% from April and 53% over May 2020.
Housing building permits were at a seasonally adjusted annual rate of 1.681 million in May, 3% below April and 35% above May 2020. Single-family permits were at a rate of 1.13 million, down 1.6% from April. Multi-family permits in May were 494,000, down 7.7% from April.
RELATED ARTICLES
Housing Starts Gain Steam, Though Permits Show Slight Decline
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
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
Tolko Industries Enters Partnership With Mississippi Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Vernon’s Tolko Industries has entered into a 50-50 joint venture partnership with Southeastern Timber Products (STP), a lumber mill in Ackerman, Mississippi. The mill will be known as Southeastern Timber Products…
USFS Announces $8 Million To Expand Wood Products, Wood Energy Markets
The U.S.D.A. Forest Service invites grant applications for projects that expand wood product and wood energy markets, reduce wildfire risk, and improve forest health. Applications will be accepted through Jan. 23, 2019. Grants provided through…
Brexit For Dummies
Article by Jessica Johnson, Associate Editor, Timber Processing November 2018 Here in North America, while we have all heard about the decision of the United Kingdom to exit the European Union dubbed “Brexit,” we aren’t…
Weyerhaeuser Opens New $190 Million Arkansas Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A $190 million upgrade to a Southwest Arkansas sawmill is now complete. Federal and state leaders visited Dierks, Arkansas for the grand opening. Officials say the new Weyerhaeuser facility not only…
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.