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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Pardee Resources Sells West Virginia Sawmill To Hamer Company
Pardee Resources has sold a sawmill in West Virginia to the Jim C. Hamer Company. Philadelphia-based Pardee announced the recent closure of the sale on Wednesday in a news release. Terms of the deal weren't disclosed. The company says Hamer also will have timber...
U.S. Construction Spending Rises Solidly To Near 8-Year High
U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing. Construction spending increased 1.0...
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