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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California’s Big Creek Lumber Wary Of Growing Greenbelt
California’s Big Creek Lumber Wary Of Growing GreenbeltAnyone entering the mill at Big Creek Lumber, south of Pescadero, is immediately hit by a sensory overload — a cacophony of saws, the rattle of conveyor belts and a prominent pine fragrance. A freshly cut redwood...
U.S. Hardwood Lumber Sellers Facing Fresh Headwinds
Hardwood lumber sellers will face some headwinds this summer from sluggish new home starts and existing home sales, reduced remodeling market growth, and slower exports. Year-on-year growth in sales of kitchen cabinets, residential flooring and other wood products for...
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