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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WFP Positioning For The Future With First Step In Capital Plan
Western Forest Products Inc. recently announced the first project in their capital plan: a $16 million investment in the Saltair Sawmill. Western was joined by Steve Thomson, British Columbia’s Minister of Forests, Lands, and Natural Resource Operations, for the...
Lower Tariffs On Log Exports Due In Russia
Export tariffs on logs shipped from Russia, the world largest log supplier, are set to be reduced as the country becomes a member of the WTO, according to Wood Resource Quarterly. The proposed lower tariffs are not expected to increase export volumes to pre-tariff...
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