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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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...
Idaho Sawmills Look For Automation To Maximize Returns
With the gradual turnaround in the housing market, a family-run lumber company in Adams County is about to put down $1.5 million on high-tech equipment to get more out of its logs. At Evergreen Forest Products, new scanners will read rough-cut timber, showing mill...
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