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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Expo Was Good, But The News Upon Return Was Lousy
Expo Was Good, But The News Upon Return Was LousyArticle by Rich Donnell, Editor-in-Chief, Timber Processing 2011 We returned from the machinery show in Atlanta in a good mood. Despite the current housing quagmire, most exhibitors we talked to were pleased with the...
Coastal Lumber Ceases Operations
Coastal Lumber Ceases OperationsCharlottesville, Va. based Coastal Lumber Co., long a major hardwood lumber producer, closed operations in mid-August. The company laid off 200 employees and shut down five sawmills in West Virginia, nearly 70 employees and the sawmill...
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