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.
Latest News
Justin Price Becomes 75th FPS President
Evergreen Engineering co-CEO Justin Price will serve as president of the Forest Products Society for the 2022-23 term. Price takes over from Terry Liles, Director of Raw Materials for Huber Engineered Woods…
Nova Scotia’s Elmsdale Lumber Announces Big McDonough Project
Elmsdale Lumber Co. in Nova Scotia has engaged McDonough Manufacturing for what will be a complete sawmill modernization over the summers of 2022 and 2023. This project will see upgrades to both primary and secondary sawing systems designed to increase capacity and more importantly yield…
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