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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U.S. Softwood Lumber Exports Double In Five Years After Promotional Push
Export sales of American softwood lumber nearly doubled in the past five years, reaching $1.1 billion and the highest level in 16 years, reports the Southern Forest Products Association (SFPA). Meanwhile, exports of pressure-treated lumber, a key value-added item...
Emerald Ash Borer Declares Victory Over U.S. Forests
The Emerald Ash Borer is likely to kill 99 percent of the U.S. ash wood trees, says the U.S. Forest Service. Hopes that the super cold winter might kill or at least slow the insects have proved unfounded. Quarantines of infested areas have now spread to 22 states as...
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