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
Kalmar Extends Service Agreement
Kalmar, part of Cargotec, Helsinki, Finland, has signed a five-year extension for a comprehensive service agreement with a Swedish sawmill belonging to the Nordic Forestry Corp. The agreement includes Kalmar as well as third-party equipment, operators and maintenance...
Hampton Buys Conifex Sawmill
Hampton Lumber is purchasing the Fort St. James, BC sawmill and associated forest license from Conifex Timber Inc. for $39 million plus the market value of finished lumber and log inventory at closing. Ken Shields, Conifex Chair and CEO, comments: “The decision to...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.