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 Sawmill Planning ‘Several Million Dollars’ In Upgrades
With a rise in lumber prices, Aroostook County’s largest sawmill is gearing up for an expansion and investments in efficiencies. Maibec, the St. Pamphile, Quebec-based company that acquired the former Levesque sawmill in Masardis in 2015, is riding a strong wave of...
North Carolina Company Planning CLT Plant In Maine, Promises 100 Jobs
North Carolina Company Planning CLT Plant In Maine, Promises 100 JobsA North Carolina manufacturer plans to create more than 100 jobs by becoming Maine’s first producer of a composite wood strong enough to replace concrete and steel in high-rise buildings. LignaTerra...
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