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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Oregon’s Rough & Ready Lumber To Reopen With $5 Million In Government Backing
Oregon’s Rough & Ready Lumber Co. will reopen nearly a year after it closed, adding back dozens of jobs to a pocket of rural Oregon where one in 10 are out of work. The restart of Rough & Ready Lumber will cost taxpayers $5 million, as part of a deal announced...
Why Northwest Mills Want China To Buy Lumber Instead Of Logs
Mark Elston followed his father into the timber industry back when business was booming. "When I started, you could really mess things up and still make good money," he said. "You can't do that anymore." Elston runs a lumber mill in Tillamook, Ore., for Hampton...
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