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 Seneca Sawmill More Than Halfway Done With Upgrade
Seneca Sawmill in Eugene is more than halfway through a $60 million equipment upgrade to its complex off Highway 99. The improvements should be complete this September, Chief Executive Todd Payne said on Tuesday. The investment by the family-owned company allows...
Mena Region Remains Key Destination For U.S. Softwood Lumber
The Middle East and North Africa (Mena) region remains a key destination for American softwoods amid the increasing demand within the region's booming construction and housing market, according to American Softwoods (AMSO). The promotional partnership formed by three...
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