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
Gorman Group Purchases Princeton, B.C. Sawmill
Gorman Group Purchases Princeton, B.C. Sawmill Weyerhaeuser has announced it has reached an agreement to sell its lumber mill in Princeton, British Columbia, to the Gorman Group, owners of Gorman Bros. Lumber Ltd., a family-owned wood products manufacturer...
Mercer Hits Milestone On Theodore Roosevelt Presidential Library
Mercer Hits Milestone On Theodore Roosevelt Presidential LibraryOne year after groundbreaking, Mercer Mass Timber (MMT) has announced the completion of the first phase of construction on the Theodore Roosevelt Presidential Library, a future cultural destination...
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