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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Developer Breaks Ground On All-Timber Office Building In Minnesota
Developer Hines has broken ground in Minneapolis’ North Loop on its all-timber office building, the first commercial property in the U.S. to use an engineered wood material for its interior and structure. The Houston-based real…
Oregon’s Seneca Sawmill Co. Breaking Ground On $60 Million Upgrade
Seneca Sawmill Co. announced Friday it has started a $60 million upgrade of its west Eugene lumber mill. Paving crews were flattening a corner lot of Seneca’s Highway 99 mill site Friday to prepare for…
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