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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Sierra Pacific Industries Hopes Ruling Will Deter California Regulators
Sierra Pacific Industries Hopes Ruling Will Deter California RegulatorsA top resource official for timber giant Sierra Pacific Industries says he hopes a judge’s scathing ruling in the company’s favor will deter overzealous state regulators. Retired Superior Court...
International Forest Products To Acquire Tolleson Ilim Lumber
International Forest Products To Acquire Tolleson Ilim LumberCanada's International Forest Products Ltd. agreed Sunday to acquire Tolleson Ilim Lumber Co. from Russia's Ilim Timber Continental SA for $180 million, including working capital, in a deal that would make...
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