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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Reality Check: U.S. Lumber Prices Off Highs After Supply Surge
U.S. lumber prices are falling in response to a late, cold spring in some parts of the country, and to a sharp first-quarter production increase by mills that may have overestimated gains in housing starts, lumber industry participants said. By early May, industry...
Colorado Senator Visits Recovering Sawmill
Colorado Senator Mark Udall visited a Montrose sawmill, Thursday, to talk about how the forest industry can help Colorado’s economy. He assisted the mill in obtaining a U.S. Forest Service contract last year. This plan is helping the mill recover. Nieman Enterprise...
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