Armor In Housing Starts Reveals Crack
U.S. housing starts dropped significantly in May 2022, down 14.4% from April to a seasonally adjusted rate of 1.549 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Both single-family and multi-family starts took hits, with single-family declining 9.2% to a rate of 1.051 million, and multi-family dipping 26.8% to 469,000.
The downslides in May come after both single-family and multi-family had one of their best performances of the year in April.
U.S. housing building permits were at a seasonally adjusted rate of 1.695 million, down 7% from April, with single-family at 1.048 million, down 5.5%, and multi-family down 10% to 592,000.
U.S. privately-owned housing completions were at a rate of 1.465 million in May, which was 9.1% above April, led by multi-family’s 33.2% gain to 417,000, while single-family was 1.043 million, up 2.8% over April.
RELATED ARTICLES
Multi-Family Housing Continues Surge
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
Roseburg Personnel Changes At Dillard Lumber, Medford MDF, Riddle Plywood
Roseburg Personnel Changes At Dillard Lumber, Medford MDF, Riddle PlywoodRoseburg Forest Products has made key personnel decisions at three of its wood processing facilities in Oregon. Kendrick McBride returns to Dillard Lumber in Roseburg, Ore., to serve as plant...
7robotics Promotes Joey Koenig To President
7robotics Promotes Joey Koenig To President7robotics has promoted Joey Koenig to President, effective January 1, 2025. Since joining the company in September 2021, Koenig has been instrumental in transforming 7robotics from a startup into a recognized player in the...
New California Sawmill Receives Boiler Grant
New California Sawmill Receives Boiler Grant A new sawmill in Truckee, Calif. that was approved by county officials in October recently received a $1.5 million grant from the Sierra Nevada Conservancy (SNC) for the purchase of a second wood-fired boiler at the...
New OSB Project In Alabama Gains Permitting
New OSB Project In Alabama Gains PermittingPeak Renewables U.S. Inc. has received required permitting for the construction and operation of a greenfield 650MMSF oriented strandboard plant in Enterprise (Coffee County), Ala. Last February, the Enterprise City Council...
Loan Program Aims For Wood Processing Facilities To Help Reduce Wildfire Threats
Loan Program Aims For Wood Processing Facilities To Help Reduce Wildfire ThreatsU.S. Department of Agriculture (USDA) Secretary Tom Vilsack has unveiled a new program to support American wood processing facilities, through a partnership with the USDA Rural Development...
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.