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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Pellet Mill Planned For South Carolina
Effingham Pellets, a subsidiary of Charles Ingram Lumber Co., plans to invest $5.4 million to establish a wood pellet operation in Florence County, SC that will produce and supply wood pellets for export sale to Europe. “We are…
Binderholz Wins Klausner Sawmill
Austria-based Binder Beteiligungs AG submitted the winning bid at auction for the Klausner Lumber One LLC sawmill in Live Oak, Fla. Binder out-bid Austria-based Mayr-Melnhof Holz and Vancouver-headquartered Mercer International…
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