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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U.S. Homebuilders Face High Lumber Prices
Total housing starts rose 35% year-over-year in the first quarter of this year, according to data from Deloitte. Single-family home construction contributed 500,000 jobs to the economy year-over-year in July, implying a thriving builder market. But many homebuilders...
J.D. Irving Sawmills Division Invests To Open Maine Sawmill, Creating 60 Jobs
J.D. Irving, Limited Sawmills Division announced today that it will invest $30 million in a new state-of-the-art softwood sawmill at Ashland (Nashville Plantation), Maine. During the construction phase, the new facility will employ up to 50 people at peak. Once the...
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