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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Ainsworth Lumber And Louisiana-Pacific Enter Into Timing Agreements
Ainsworth Lumber Co. Ltd. and Louisiana-Pacific Corporation announced today that they have entered into timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice pursuant to which Ainsworth and LP have...
Global Demand For N.A. Hardwood Lumber Expands Faster Than Supply
North American hardwood lumber exports were quite strong in January. Chinese and Vietnamese demand was quite high despite the approach of the Chinese New Year and Tet holidays. Taiwanese demand also increased; and Japanese purchasing was steady. Even though shipments...
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