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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Montana Sawmill Gets $650K Loan For New Employees, Equipment
A Montana sawmill has received $650,000 to fund new equipment and hire more employees. Pyramid Mountain Lumber Co. plans to bump production as much as 10 percent with new equipment bought with a state revolving fund loan. “We’re the third loan since all these funds...
Hankins Lumber To Restart Grenada, Mississippi Sawmill
Hankins Lumber To Restart Grenada, Mississippi SawmillOfficials from Hankins Lumber Co. announced that the company is reopening its southern yellow pine lumber facility in Grenada, Miss. following a 15 month closure due to the downturn in the economy. The project...
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