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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Interfor Permanently Closes Its Beaver-Forks Mill Operations
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Interfor has pulled the plug on its West End operations, planning to close two facilities and consolidate production in Port Angeles, the timber company announced Thursday. The closure affects 52 workers…
U.S. Timberland Prices Gain Despite Lumber Slowdown
U.S. timberland accelerated its price growth, despite some lumber market concerns centered on China and the domestic market, which prompted one of the top forestry groups to warn on profits. U.S. timberland prices were 7.2%…
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