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. Lumber Prices Soar, Creating Huge Uncertainties
The U.S. lumber markets are already seeing some major price volatility, where W-SPF lumber prices soared by a whopping 25% (US$78/Mbf) in the three-week period between January 27 and February 17, 2017 and up US$83/Mbf over the previous five-week period. This...
Oregon Lumber Companies File Lawsuit Over Monument Expansion
Two lumber companies filed a lawsuit Friday challenging the legality of President Barack Obama's expansion of the Cascade-Siskiyou National Monument during his last days in office. Murphy Co. and a related company, Murphy Timber Investments LLC, filed the complaint in...
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