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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Lumber Prices On The Up As U.S. Home Sales Rise
It's not just a buoyant day for equities (China excluded) on Tuesday. Yes, lumber prices are on the up, too. News of a rise in new home sales in the US last month has helped push lumber prices up 2.5 percent to $246.10 per 1000 board feet, writes Mamta Badkar. And the...
Maley & Wertz Acquires Kirkham Hardwoods Inc.
Maley & Wertz Acquires Kirkham Hardwoods, Inc.Maley & Wertz Inc., an Evansville-based firm that acquires and sustains North American hardwoods, has acquired Kirkham Hardwoods Inc. According to a news release, the merger will better position the combined...
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