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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Despite Expiration Of SLA, Lumber Prices And Housing Starts Increase
The anticipation of a Federal Reserve rate hike earlier this month had global market analysts teetering on the edge of their seats. They breathed a collective sigh of relief after the Fed announced it would not being raising interest rates at this time, and the...
Industry Feels Historic Rains In Carolina
Article by David Abbot, Senior Associate Editor Early in October I traveled to southwestern Arkansas to visit loggers and sawmills for future issues of this and other Hatton-Brown publications. The first thing I noticed: it was dry. Evidently it hadn’t rained there in...
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