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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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…
B.C. Envoy Says Window Is Open For U.S. Softwood Lumber Deal
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