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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Global Lumber Market: Futures Prices Still Breaking Records
Back in March, FreightWaves reported on a “perfect storm for lumber markets”: a confluence of strong global demand and critical supply issues that caused futures prices for a thousand board feet of lumber to break $500 for the first time ever. To put that number in...
New Cross-Laminated Timber Guide Published By Lucideon
Lucideon has released a new testing guide for manufacturers of cross-laminated timber (CLT) in offsite buildings. CLT is an engineered timber product made from bonding layers of sawn timbers together. This provides a sustainable and tough panel which is ideal for use...
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