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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Housing Market Recovery Helps California Lumber Producers
Home construction in California is on the upswing as the housing market slowly recovers from the dramatic downturn of the recession that saw home prices and new construction plummet. Going hand in hand with the increase in home building is the demand for lumber for...
Resolute Forest Products Workers Get Four Years Of Pay Increases
A union representing workers at Canada’s biggest forest products company, Resolute Forest Products, has ratified a new four-year collective agreement covering approximately 2,000 employees at 11 of the company's mills in Ontario and Quebec. A spokesperson for Unifor...
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