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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West Fraser Continues To Grow In The U.S. South And Western Canada
West Fraser continues to grow its lumber business in the U.S. South and in western Canada. The company announced that it has entered into an agreement to acquire the Bibler Brothers Lumber sawmill and lumber manufacturing operations located in Russellville, Arkansas....
Canadian Softwood Lumber Exporters To Get Refunds Following Ruling
Canada says it has won an international ruling on export charges levied under the Canada-U.S. softwood lumber agreement. Trade Minister Ed Fast says the London Court of International Arbitration has ruled in favor of the Canadian position that export charges should...
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