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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American Industrial Partners Acquires Potomac Supply Corporation
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); American Industrial Partners, a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses, has acquired the operating assets of Potomac Supply Corporation, a softwood mill operator and…
Lumber Futures Log An 8-Year High
Lumber futures jumped to an eight-year high, as signs of a pickup in Chinese buying added to optimism about the U.S. housing recovery that has fueled a three-month boom in the building material. Prices of…
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