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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LP’s $1.1 Billion Acquisition Of Ainsworth Lumber Stymied By Regulators
The $1.1-billion acquisition of Vancouver-based Ainsworth Lumber Co. appears to hit a wall with regulators. Louisiana-Pacific Corporation announced in September 2013 it was buying the B.C. company. But Louisiana-Pacific CEO Curt Stevens announced in a May 8 earnings...
B.C. Lumber Producers Hurt By Building Season’s Slow Start In U.S.
How rapidly U.S. housing construction awakens from a deep winter hibernation will determine how strongly B.C. lumber producers continue their recovery, according to new figures from the accounting and consulting firm PwC. So far this year, lumber producers have been...
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