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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Sinclar Forest Products’ Lakeland Mills Rebuild ‘Going Well’
The weather up until last week was helping the rebuild of Lakeland Mills. The ground on the new mill was broken on July 22 and so far no major hiccups have occurred, as the first quarter is coming to a close on construction. "The rebuild is going well," said Greg...
Reality Check: U.S. Lumber Prices Continue To Rise In Housing Upturn
U.S. lumber prices have firmed in recent months as rising housing starts have put pressure on lean inventories, creating a supply shortage that has yet to fully unwind, executives and industry experts told MNI. Some further gains can be expected in 2014 as the housing...
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