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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Canadian Sawmill Equipment And Engineering Company Expands Into U.S.
Canadian Sawmill Equipment And Engineering Company Expands Into U.S.The BID Group of Companies, started two generations ago in Vanderhoof, has grown to be a conglomerate of companies still based primarily in the hometown of the founding Fehr family, although it also...
U.S. Lumber Prices Face Pressure On Seasonal Change, Supply Increases
U.S. lumber prices are getting chopped after notching seven-month highs, as the market hunkers down for a seasonal decline in construction and expected higher production next year. But demand for U.S. boards and planks from China, Japan and the Caribbean to structure...
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