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
Westervelt Picks BID For Planer Mill
BID Group has received a new turnkey order from Westervelt Lumber to modernize the existing planer mill in Moundville, Ala. BID will manage, design, build, equip, install, and provide full start-up services for the project. The new operation will incorporate the full spectrum of BID’s best-in-class…
Origin Materials Plans Biomass-Based Facility
Louisiana Gov. John Bel Edwards and Origin Materials, a carbon-negative materials company committed to the global transition to sustainable materials, announced that the company plans an investment of at least $750 million to develop a biomass…
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