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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U.S. Lumber Price Surge Results In Record Profit
U.S. Lumber Price Surge Results In Record ProfitLumber prices in the U.S. have experienced a spectacular surge in 2017 and the first half of 2018. By the end of the 2Q/18, the benchmark lumber price index reported by the market report Random Lengths reached its...
Wood Construction Pushes Forward On Both Sides Of The Border
Mass timber construction is making waves on both sides of the Canada-U.S. border, but factors in each country mean a different pace of progress. The state of Washington is rapidly moving forward on both green construction and use of advanced wood products, but...
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