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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U.S. Hardwood Lumber Markets Continue To Build Momentum
The Weekly Hardwood Review Leading Hardwood Demand Indicator (LHDI)—a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets—trends up to 117.8 in February and 124.3...
Idaho Forest Group Upgrading Sawmill Equipment
Idaho Forest Group is installing new equipment at its sawmill in Nez Perce County that will double the capacity of the facility. Company President Scott Atkison tells the Lewiston Tribune the company is putting in a saw line that is the largest upgrade since the late...
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