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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Caddo River Forest Products To Reopen Arkansas Lumber Mill
Caddo River Forest Products To Reopen Arkansas Lumber MillCaddo River Forest Products announced they are planning to reopen the Glenwood, Arkansas sawmill. The company will invest up to $50 million in the facility, creating 136 new jobs with 200 to 300 new indirect...
Strong U.S. Housing Market Continues To Drive Recovery In Canada
Pre-tax profits in Canada's wood manufacturing industry are expected to grow from $1.1 billion in 2015 to just under $1.5 billion this year thanks to strong demand from the U.S., according to The Conference Board of Canada's Wood Products Industry Outlook. "With the...
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