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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Engineered Wood Could Be A Boon For Oregon’s Wood Products Industry
Solid as steel. Sturdy as concrete. Cross-laminated timber carries these claims and hopes for boosting Oregon’s wood products industry. The engineered wood product is made by gluing together layers of boards, such as 2-by-4s, 2-by-6s and 2-by-8s. The resulting panels...
Slow U.S. Housing Recovery Spells Trouble For Canadian Lumber Producers
West Fraser Timber Co. and Canfor Corp., Canada’s largest lumber producers, are suffering from tepid demand in the U.S. where the recovery in the housing market is stuttering. U.S. housing starts fell a more-than-expected 8.8 percent last month, the Commerce...
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