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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Railroads Pull Cars From Storage To Haul Lumber For Homebuilders
Union Pacific is pulling railcars from storage for the first time in four years to haul lumber for home builders, a welcome source of strength for an industry that’s bucking the effects of a slowing economy. North American rail carloads of lumber and wood products...
Eacom’s Timmins Mill To Reopen In April 2013
Work is beginning to rebuild a Timmins sawmill destroyed by fire this past winter. About 120 people were put out of work in January when the Eacom mill was shutdown after the blaze. Company vice-president Mel Lemky said he's ordering new machinery. In the meantime,...
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