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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Oregon’s Hampton Lumber Acquires Banks Lumber Mill
Oregon’s Hampton Lumber Acquires Banks Lumber MillHampton Lumber has acquired the assets of the Banks Lumber Mill, just months after the Washington County mill had laid off its employees and ceased operations. Portland-based Hampton plans to upgrade the mill "to...
Canfor Establishing U.S. Headquarters In Alabama
Canfor Establishing U.S. Headquarters In AlabamaCanadian wood products company Canfor is opening its U.S. headquarters in Mobile. The U.S. branch will operate under the name Canfor Southern Pine, said Fred Stimpson, Canfor Southern Pine president. The move will bring...
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