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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American Wood Council Elects New Chairman
American Wood Council Elects New ChairmanAmerican Wood Council (AWC) announced the election of West Fraser President and CEO Sean McLaren as the new Board Chair for a two-year term. McLaren will be joined by SmartLam CEO Derek Ratchford, who was elected First Vice...
Sierra Pacific Breaks Ground In Eugene
Sierra Pacific Breaks Ground In EugeneSierra Pacific Industries broke ground on its new state-of-the-art sawmill in Eugene, Ore. in early November. SPI’s Oregon crews joined in celebrating the placement of the first column—the start of what will soon be a nearly...
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