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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Timber Prices Follow Lumber’s Sharp Climb As Annual Housing Starts Hit A Million
With new home construction hitting a million new starts a year for the first time since 2008, a national forest management firm reports that timber prices for large standing trees are rising off the bottom and lumber is starting to soar. Marshall Thomas, president of...
When Investing In More Production, Don’t Overlook Logging
Story by Dan Shell, Managing Editor This issue a special thanks goes out to those owners, managers, supervisors, shift leaders and others who have taken the time to complete Timber Processing’s annual Sawmill Capital Expenditure Survey. The effort all of you make...
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