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 Mill Reopens, Holds ‘Work Day’
Thirty new jobs opened up when the Evergreen sawmill in Montana recently restarted production, and they added one more employee to the schedule. Senator Max Baucus joined employees at the sawmill for a work day. The Democrat, who recently announced his retirement,...
Lumber Mills Expand As Prices Rise Most Since 1993
North American mills are sawing lumber at the fastest pace in six years after a recovering U.S. housing market, a beetle infestation in Canada and increasing Chinese demand drove the biggest price surge in two decades. About 55.5 billion of the industry’s standard...
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