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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Alabama’s Westervelt Company Plans New Sawmill
Alabama’s Westervelt Company Plans New SawmillA 130-year-old Tuscaloosa company is preparing to build a new lumber mill in south Alabama, which is expected to create more than 100 jobs and produce 250 million board feet of lumber annually. The Westervelt Co. said in a...
U.S. Softwood Lumber Consumption Likely To Reach Record Highs
U.S. consumption of softwood lumber is likely to reach record-highs by 2030 according to a new study from ForestEdge and Wood Resources International. The study forecasts that U.S. softwood lumber demand will grow at an annual rate of 2.3 percent through 2030, which...
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