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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Wide Lumber Boosts Profits In Southern Pine Region
A bench marking study recently completed by The Beck Group reveals that among producers of Southern Pine lumber, mills focused on producing wide lumber (particularly 2×12) were more profitable in 2012 than mills that were not. Typically the large logs that yield wide...
North America, Led By U.S. South, Achieved Highest Global Sawmill Earnings In 2012 And Q1 2013
In 2012 and especially in Q1/2013, U.S.-based sawmills led all 32 global countries and regions surveyed in financial earnings, mainly from improved demand, a run up in lumber prices and from low log costs. This also meant that North American mills (including Canada)...
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