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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Eacom Timber Reopens Ontario Mill, Ending 5-Year Closure
A northwestern Ontario sawmill officially re-opened today after being shuttered for more than five years. The Eacom Timber Corporation has spent the last several months retrofitting the mill in Ear Falls. By the middle of the month, more than 50 people will be working...
Resolute Forest Products Seeking To Acquire Or Build U.S. Lumber Mills
Resolute Forest Products Inc. (RFP), the world’s largest newsprint maker, is seeking to reduce its reliance on the low-grade paper by expanding its Canadian solid wood-products business into the U.S. Already North America’s fifth-largest lumber producer, Resolute has...
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