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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Resolute Forest Products CEO Makes Free Trade Case To Canadian Officials
Resolute Forest Products CEO Richard Garneau made the case for free trade in the wood products industry with the U.S., noting that managed trade increases volatility, creating an unpredictable and unstable trade environment between the two large trading partners....
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