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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Oregon Wood Products Sector Makes Slow Turn Upward
The international markets didn't register a ripple, but on April 9, Arnie Swan drove 25 minutes from his home and reported to work at Boise Cascade's veneer plant. He's a new hire, not a worker called back from one of the layoffs and shutdowns that have dogged the...
B.C. Sawmills Face Soaring Insurance Rates After Fatal Blasts
B.C. sawmill operators are facing skyrocketing insurance rates after the industry was hit hard by two fatal explosions in the span of three months. Flavelle Sawmill in Port Moody was forced to shut down last week after the company was told insurance premiums were...
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