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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New Technology Transforms Sawmill Wood Waste Into High-Value Hardwood
Sawmills will soon be able to turn wood waste into high-value hardwood products, helping them increase profits at a difficult time. Company 3RT has partnered with Flinders University to develop a machine that cuts wood offcuts or softwood into strips, sticks them...
Universal Forest Products Acquires Texas Lumber Firm
Universal Forest Products Acquires Texas Lumber FirmA subsidiary of Grand Rapids-based Universal Forest Products Inc. (UFPI) has acquired certain assets of Dallas-based Bigs Packaging and Lumber LLC, the company announced today. Founded in 2011, Bigs Packaging is a...
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