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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NAHB CEO: Lumber Price Woes Will Persist
Headaches over the supply and price of North American lumber likely will persist for several years, the CEO of the National Association of Home Builders told lumberyard executives today, adding that one solution he's working on is to promote imports from Chile and...
Rebounding Lumber Market Meets Workforce Challenge
For years Pyramid Mountain Lumber Inc. thought the availability of logs was going to be their limiting factor for profitability and capital improvements. This winter they are up six million board feet in their log yard compared to a year ago. The future is looking...
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