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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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North American Softwood Lumber Production Up 0.6 Percent

North American softwood lumber production was up 0.6 percent in the third quarter of 2017 over 2016. The increase leveled off after increases of 1.8 percent in the first quarter and 1.7 percent in the second. Canada production declined 3.4 percent, says the Western...

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