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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Falling Canadian Dollar Complicates Softwood Lumber Trade Negotiations
The Canadian dollar fell below 70 cents US this week for the first time in close to 13 years. It’s gloomy economic news, but one upside is that the dollar’s slide can benefit Canadian commodity exporters. When it comes to the contentious timber trade between Canada...
America’s First Wood High-Rise Building To Debut In Oregon
Wood is a go-to material for floors, doors, furniture, and now, a skyscraper—the very first of its kind in the U.S. Construction on Portland, Oregon’s wood high-rise, Framework, is slated to begin this October. The 12-story mixed-use building—a collaboration between...
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