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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Element5 Plans Second CLT Plant
Element5 Plans Second CLT PlantTembec founder Frank Dottori appears to be fronting the establishment of Ontario’s first cross-laminated timber (CLT) plant in St. Thomas, Ontario. The Ontario government announced a contribution of close to $5 million for the $32...
Hardwood Lumbermen Aren’t As Upbeat
Hardwood Lumbermen Aren’t As UpbeatA survey conducted in Timber Processing in April 2019 revealed, not surprisingly, that confidence has declined among U.S. hardwood lumbermen compared to a similar survey a year ago. Over half of U.S. hardwood lumbermen (55%) are...
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