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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Wood Runs Out For Ardew Wood Products
A lack of timber is blamed for the slated Jan. 11 closure of Ardew Wood Products Ltd., marking the end of another long-established resources business in Merritt. Owner of the family-operated business Erik Norgaard said limited resources including timber have caused...
New Year Bodes Well For Mills
Story by Rich Donnell, Editor-in-Chief Wow, what a year! I think we can say it has ended on a higher note, mainly because of some improvement in homebuilding, which is projected to only get better next year and the next. At a recent wood products companies meeting, I...
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