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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Drax Purchase Alters Biomass Landscape
Drax Group, the major United Kingdom-based electricity producer, which has converted much of its generation from coal-fired to wood pellet fuel, has entered into an agreement to purchase major Canadian-based industrial wood pellet producer Pinnacle Renewable Energy Inc. The all-cash transaction…
Harrigan Plans For USNR Trimmer Line
Harrigan Lumber in Monroeville, Ala. is investing in a sawmill trimmer line from USNR to ramp up its production. Harrigan’s operation is a southern yellow pine dimensional lumber mill, and the new trimmer line is…
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