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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North American Lumber Shortage Fears Prompt Buying, Price Increases
With the fear of lumber shortages as strong as the outlook for 2014, lumber sales should hold steady through year-end even as North American manufacturing winds down for the winter. Global consumer confidence will also get a boost as the U.S. debt default is...
California’s Rim Fire: A Billion Board Feet Of Slightly Singed Timber
Logging fire-damaged trees on Federal land in California's Yosemite and Stanislaus national forests following the devastating Rim Fire could be quickly OK’d under legislation introduced by Congressman Tom McClintock (R-Calif.). With an estimated 1 billion board feet...
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