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
Struggling Timber Industry Puts Rural Idaho At Crossroads
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); David Bartlett stopped frequently to chat with friends as he made inquiries with employers at a recent Idaho Department of Labor job fair in Orofino. The nonchalance of the former Tri-Pro…
New Sawmill To Open In Louisiana
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Le Moyen Mill & Timber LLC, a wholly owned subsidiary of Adobe Machinery Group, revealed plans to acquire land in order to develop a wood products manufacturing facility in LeMoyen, La.…
Number Can Lie, If You Let Them
Article by Rich Donnell, Editor-In-Chief We give over many pages in this issue to coverage of the Timber Processing & Energy Expo that was held in Portland, Ore. September 28-30. Why wouldn’t we? It’s our…
Norway Spruce, Abundant In Maine, Approved For Construction
It’s being called a once-in-a-lifetime occasion for the lumber and building industries: Following extensive testing at the University of Maine, Norway spruce has been approved for use as a construction-grade material in the U.S. In…
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.