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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Russia Wood Factory Grows
Russia Wood Factory GrowsRussia has for many years been, by far, the largest exporter of logs in the world. When the country announced a log export tax of 25% in 2007 and the intention to increase this tax to 80% in 2009, many forest companies in Asia and Europe...
Pellet Firm Boosts Capacity
Aggressive wood fuel pellet manufacturer-exporter Enviva LP has increased the announced capacity of the pellet plant it has under construction in Ahoskie, NC. The plant’s productive potential has been elevated by 50,000 metric tons per year to 350,000. Using hardwood,...
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