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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Interfor Completes Acquisition Of Simpson Lumber Sawmills
Interfor Completes Acquisition Of Simpson Lumber SawmillsInterfor Corporation (IFP) announced today it has completed the acquisition of four sawmills from Simpson Lumber Company, LLC, increasing its annual lumber production capacity by 30 percent to 3.1 billion board...
Shrinking Timber Supply Sends B.C. Companies On U.S. Mill Buying Spree
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump. Interfor Corp., for example, posted record sales of $1.4 billion in 2014...
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