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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Sierra Pacific To Acquire Hurd Windows, Superseal Windows & Doors
Forest products giant Sierra Pacific Industries announced it will purchase two Wisconsin-based millwork firms, Hurd Windows, and Superseal Windows and Doors, from Longroad Asset Management. Based in Anderson, CA, Sierra Pacific is the largest U.S. millwork company and...
North American Lumber Supply Could Be Impacted By B.C. Land Ruling
North American lumber supplies and prices could be affected by a ruling from the Supreme Court of Canada granting the Tsilhqot'in First Nation title claim on land in central British Columbia. The decision, handed down June 26, gives the group exclusive right to...
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