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.
Latest News
Resolute Forest Products Idles Oakhill Sawmill
Roughly 100 employees at the Resolute Forest Products sawmill near Oakhill will be out of work as the effect brought by the parent company’s decision to indefinitely stop operations at the newsprint facility in Queens County is felt in Lunenburg County. Resolute...
B.C. Forest Board Says Future Timber Supply At Risk
British Columbia's independent forest practices watchdog says future timber supplies in the province are at stake and the Liberal government needs to get moving on management plans for pine beetle and fire damaged forests. A Forest Practices Board report released...
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