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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Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two Sawmills
Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two SawmillsThe Maine Technology Institute (MTI) recently awarded a $4,226,000 challenge grant from the Maine Technology Asset Fund 2.0 program to the Pleasant River Lumber Company. The $4.2 million will be used...
British Columbia Softwood Lumber Exports To U.S. Plunge 20 Percent
Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government. British Columbia - Canada's largest lumber-producing province - exported just over 514 million board feet of lumber to the...
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