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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Canada-U.S. Lumber Dispute Could Be Resolved Before NAFTA Talks
The softwood lumber dispute with the United States could be resolved before the NAFTA renegotiation gets underway in mid-August, says Quebec's softwood lumber envoy. Raymond Chretien, former Canadian ambassador to the U.S., said Friday he's optimistic because of...
Canada Gives $642 Million To Firms Hit By U.S. Softwood Lumber Tax
The Canadian government will give C$867 million (US$642.2 million) in financial support to Canadian lumber producers and exporters to help them withstand the impact of new U.S. tariffs on Canadian softwood exports. In April, Washington imposed preliminary anti-subsidy...
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