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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Beetle Plague Spurs Canadians On U.S. Sawmill Buying Spree
In the 60 years since Bob Jordan III joined his family’s North Carolina sawmill business, he hasn’t seen anything quite like the Canadian invasion of the South’s lumber industry. “You didn’t have people coming in…
Western Forest Products To Spend $30 Million On Vancouver Island Sawmills
Western Forest Products is spending $30 million — most of it in Nanaimo — to upgrade three Vancouver Island sawmills. Lee Doney, company chairman, said today at the Duke Point mill: “Our harvesting strategies and…
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