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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GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to professional...
Log, Lumber Prices Put Squeeze On Western Sawmills
Results of a multi‐client benchmarking study show that in spite of operational improvements, dimension lumber mills in the U.S. West have struggled to overcome the narrowing gap between log prices and lumber selling values. The study included 10 dimension lumber...
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