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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B.C. Lumber Industry Not Expected To Meet U.S. Demand
Plans by West Fraser Timber Co. Ltd. and Canfor Corp. to close sawmills in the interior have raised concerns that B.C. lumber output in the region will lag demand driven by a rebound in the U.S. housing market. B.C. interior sawmills operated by firms such as West...
United Steelworkers Calls For Increased Support For U.S. Lumber Industry
The United Steelworkers (USW) union today called for greater support for American lumber workers in response to a report from the Environmental Investigation Agency (EIA) demonstrating how wood is illegally harvested abroad and sold in the United States. The troubling...
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