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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Wyoming Governor Marks Sawmill’s Startup and Celebrates New Jobs
Wyoming Governor Matt Mead attended a ribbon cutting today at the Saratoga Forest Management Mill. The sawmill is up and running again after closing down in 2003. The mill will employ a total of 80 people and support 40-50 loggers. “It is exciting to see this sawmill...
Lumber Futures Climb To 8-Year High
Lumber futures have climbed to their highest level since 2005 and they have gained around 9% this year, with most of that gain seen just this month as the outlook for U.S. housing improves. “Lumber, like other raw commodity goods, is a good indication of economic...
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