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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Improved U.S. Housing Good News For Lumber Industry
A new report shows some of New Brunswick's wood products manufacturers could soon experience a rebound, due to an improving housing market south of the border. A report released by Scotiabank points out an increased demand for wood products in the U.S. According to...
Reopened Wyoming Mill Will Provide 80 New Jobs
A sawmill will reopen in Saratoga in December with a new owner and more than 80 new job opportunities. The mill, now known as Saratoga Forest Management, was purchased by Gary Ervin of Oregon in April 2011. Bob Jensen, CEO of the Wyoming Business Council, said an...
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