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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SLB, USDA Enhance Collaboration
Softwood Lumber Board (SLB) announced the signing of a Memorandum of Understanding (MOU) that builds upon the existing collaborative relationship between the SLB and the U.S. Dept. of Agriculture (USDA). SLB and USDA expand a public-private partnership that seeks to grow demand for wood products…
Multi-Family Leads Way In U.S. Housing Jump
After a downward slip in July, U.S. housing starts, riding a multi-family hike, increased to a seasonally adjusted rate of 1.615 million in August, 3.9% above July and 17.4% over August a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new…
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