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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China Still Buying As U.S. Lumber Market Bounces Back
The recent visit by the Council of Forest Industries brought out some of the industry's heaviest hitters, and also the news that U.S. lumber markets continue to bounce back. It was acknowledged by COFI board chair Nick Arkle that China's arrival as a lumber customer...
Sierra Pacific To Reinvest Big In New California Sawmill
Sierra Pacific Industries today announced it will rebuild its large-log sawmill located in the Plumas County city of Quincy, beginning in early 2014. The existing mill will be taken down and completely rebuilt to a more efficient configuration, according to an SPI...
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