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
Oregon’s Zip-O-Log Mills Celebrates 80th Anniversary
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Zip-O-Log Mills, Inc., a proud member of the Pacific Northwest lumber industry, is celebrating its 80th anniversary in 2024. This significant milestone marks four generations of dedication to quality, innovation, and…
Element5 Chooses Pinomatic For Glulam Expansion
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Pinomatic is delivering a glulam line and sorting line infeed to the Element5 mass timber facility in St. Thomas, Ontario. The project delivery in North American market represents yet another big…
Progress Industries No-Slot Chipper
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The Progress Industries “No-Slot” chipper is the newest addition to a growing line of wood utilization equipment. The “No-Slot” chipper is a combination of old principles and new ones. It is…
Arizona Operation Gains Funding
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Restoration Forest Products Group, which previously operated as New Life Forest Products and before that as Good Earth Power, reported earlier this year it has received $95 million in additional financing…
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.