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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South Carolina Lumber Companies Announce Expansions
Charles Ingram Lumber Co. and sister company Willowcreek Lumber announced on Tuesday $8.3 million expansions that will take place over the next five years. A family owned sawmill that can trace its roots to 1931 and currently employs approximately 160 people, Charles...
Fading Hopes Of Softwood Trade Deal Worries Canadian Producer
Hopes of avoiding a new round of U.S. duties on imported softwood lumber are fading for companies like EACOM Timber Corporation which owns sawmills in Timmins and Gogama. “The American market is critical for us … the majority of our shipments are destined to the...
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