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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Malheur Lumber To Postpone Closure
U.S. Senators Ron Wyden (D-Ore.) and Jeff Merkley (D-Ore.) announced on Tuesday that Malheur Lumber has agreed to remain open past its planned November closure, thanks to a commitment by the U.S. Forest Service to make more timber volume available on the Malheur...
Lumber Markets In The U.S. Improving
The North American lumber market has, to a large extent, been a buyers market since the beginning of the financial crisis in 2008, but is now shifting to a sellers market with the increase in demand for lumber by the huge U.S. market. In May, lumber consumption in the...
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