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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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China Log Imports Set Record

China Log Imports Set RecordChina had another record year of softwood log imports in 2018, as more than 16.96 billion BF (40 million m3) of logs landed at Chinese ports, according to a report from Wood Resource Quarterly (WRQ). This was the third consecutive year of...

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