Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment buildings and other multifamily projects also rose: The April rate for units in buildings with five units or more was 542,000.
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Canfor Acquires I-Joist Operation
Canfor Acquires I-Joist OperationCanfor Corp. has entered into an agreement with PinkWood Ltd. to purchase its I-joist business for $68 million, including working capital. Founded in 2009, PinkWood is the largest I-joist facility in Western Canada, producing...
Patrick Hardwoods Appoints Mark Gray President
Patrick Hardwoods Appoints Mark Gray President Patrick Lumber Co. (PLC), a century-old lumber and specialty wood supplier, announced that Patrick Hardwoods’ board of directors unanimously elected Mark Gray as president of Patrick Hardwoods. After more than a decade...
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