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
Coalition Applauds Commerce Ruling
U.S. Dept. of Commerce issued its final determination in the second administrative review of softwood lumber imports from Canada, and revealed a combined anti-subsidy and anti-dumping duty rate of 17.9%, confirming yet again that Canadian imports are unfairly subsidized and traded into the U.S. market, according to the U.S. Lumber Coalition…
Build Back Better Awards Oregon Group
Oregon Mass Timber Coalition was named by the Economic Development Administration (EDA) as a finalist in the $1 billion Build Back Better Regional Challenge. The coalition was awarded $500,000 to create a strategy for a Mass Timber Modular Manufacturing Facility at Marine Terminal 2 in Portland…
Teal Jones Group Proposes $110.5 Million Sawmill In Louisiana
Teal Jones Group owners Tom and Dick Jones announced that the company is evaluating Bossier Parish, La., for a planned $110.5 million southern yellow pine lumber plant to produce a range of dimensional and specialty lumber products with an…
Cascade Hardwoods Adds Microtec CT Log Scanning
Cascade Hardwoods recently invested in Microtec’s CT x-ray log scanning and Logeye 900 stereo carriage scanners for their Chehalis, Wash. facility. The CT X-ray scanner utilizes computed tomography x-ray reconstruction to detect internal…
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.