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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Resolute Forest Products To Build $50M Atikokan Sawmill
Resolute Forest Products will build a new sawmill in the Atikokan area, according to Resolute president and CEO Richard Garneau. The mill will employ about 90 people, with additional indirect jobs related to hauling lumber and residual chips. The company pegs the cost...
Weyerhaeuser Posts Best Sales In Four Years On U.S. Housing Recovery
Weyerhaeuser Co., a century-old producer of forest products, reported its highest revenue in more than four years, adding heft to recent government data showing that a recovery in the U.S. housing market has taken hold. Fourth-quarter revenue rose 25% to $2-billion...
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