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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Stella-Jones Invests As Wood Products Sales Rise
Stella-Jones Inc. says its pressure treated wood products sales rose 34% during the second quarter, as demand for utility poles and railroad ties were buoyed by the general economic recovery. Integration of the recently acquired McFarland Cascade Holdings, Inc. also...
Greenpeace Canada Fights Back Against Resolute Forest Products Lawsuit
A Superior Court judge in Thunder Bay is reserving his ruling in the first battle of what is expected to be a long courtroom war between Resolute Forest Products and Greenpeace Canada. The forestry giant is suing the environmental group for $5 million for "defamation,...
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