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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Slow Demand, Rising Production Stalls Lumber And Panel Markets
New WOOD MARKETS five-year forecast calls for continued volatility as North American and global lumber markets continue to recover and grow. In WOOD MARKETS’ new five-year forecast, the short-term outlook is that North American and global economies, as well as...
Biewer Lumber Locating New $85 Million Sawmill In Mississippi
Biewer Lumber Locating New $85 Million Sawmill In MississippiOfficials from Biewer Lumber announce the company is locating a state-of-the-art sawmill in Newton, Miss. The project represents a corporate investment of $85 million and will create 125 jobs. Construction...
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