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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Higher Demand In The U.S. Increases U.S. Lumber Production and Imports
Higher lumber demand in the U.S. increased both U.S. lumber production and importation in the 3Q/12, but sawlog prices have remained unchanged since 2011, reports the Wood Resource Quarterly. The improved housing market in the U.S. the past four months has resulted in...
Burns Lake Sawmill To Be Rebuilt After Explosion, Fire
Hampton Affiliates has announced it will rebuild the Babine Forest Products Sawmill in Burns Lake, B.C. The decision was made unanimously at the company's board meeting Monday night. The sawmill was destroyed by a devastating explosion and fire in January that killed...
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