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.
Latest News
Tembec’s Losses Soared In Fourth Quarter Despite Recovery Of Lumber Business
Forest products company Tembec's losses soared in the fourth quarter even though its lumber business enjoyed its best quarter in several years due to a gradual recovery in the U.S. housing starts that improved demand and prices. The Montreal-based pulp, paper and...
Cedar Creek Purchases Capital Lumber’s Texas Assets
Oklahoma City-based distributor Cedar Creek has entered into an agreement to purchase the assets of Capital Lumber’s distribution locations in Dallas and Houston. In a deal expected to close Nov. 30, Capital Lumber will continue to operate eight other non-Texas...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.