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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Financing Approved For Proposed Arkansas Sawmill
The Arkansas Economic Development Commission has approved $5 million in financing to aid a timber company in the proposed purchase of an abandoned plant in Union County. The commission approved the financing this week for Southeastern Timber Products El Dorado LLC....
U.S. Kiln Dried Hardwood And Green Lumber In Short Supply
Contacts are still talking about the impacts of the terrible winter weather on the hardwood industry. Deep snow and biting cold slowed logging and hurt sawmill production. One Indiana mill reported 145” of snow this winter; the normal is 40”. Log prices have been...
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