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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U.S. Forest Service: Build Better, Stronger, Faster With CLT
The U.S. Forest Service is working to build markets for innovative forest products. One of these products, cross-laminated timber, also known as CLT, offers an opportunity for raising tall buildings with wood, opening up a completely new market for wood products. And...
Global Softwood Lumber Exports Rising
Global softwood lumber trade increased 12% year-over-year to reach a new record-high of 121 million cu. ft. in 2016, according to Wood Resources International. Since the global financial recession in 2009, there has been a steady climb in international trade of...
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