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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Rising Lumber Shipments Brighten Rail Outlook
Railroad shipments of lumber are gaining momentum, signaling a construction upturn that should drive up shipping volume of consumer products from appliances to furniture. This mounting demand for construction and household goods bodes well for Union Pacific Corp., CSX...
B.C. Sawmill Cleanup Order Expanded
WorkSafeBC has expanded an order to clean up potentially hazardous wood dust to include panel and wood pellet plants. The order released Thursday also includes pulp and paper mills. In April, the workplace safety agency ordered the cleanup of sawmills after two deadly...
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