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 Lumber Company Looks To The Future Of The Timber Industry
Pyramid Mountain Lumber Company in Seeley Lake is the oldest surviving family-owned and operated lumber mill in Montana, surviving a decline in the housing market and operating on a decreasing supply of raw materials. "We've seen a lot of mill closures since I've been...
Interfor To Acquire Keadle Lumber In Georgia
International Forest Products Limited (Interfor) announced today that it had reached agreement in principle to acquire the assets of Keadle Lumber Enterprises, Inc. of Thomaston, Georgia. Keadle is a well-regarded producer of high quality southern yellow pine lumber...
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