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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Weyerhaeuser Rises On Timber, Lumber And Homebuilding
Weyerhaeuser is fired up about the housing recovery. It manages and harvests timberlands and manufactures wood products used in home construction, such as plywood, particleboard and engineered wood. Weyerhaeuser also builds single-family homes under various brand...
Lack Of Timber Challenges Montana Sawmill
It is spring break-up in the Montana mountains, where wet, muddy conditions prevent loggers and haulers from working for the next few weeks. However, Sun Mountain Lumber, in Deer Lodge, has an adequate supply of timber in its yard to keep the sawmill running during...
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