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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Coastal Lumber Ceases Operations
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Charlottesville, 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…
AbitibiBowater Planning To Reopen Ontario Sawmill
Ignace, Ontario may regain its identity as a forestry town with AbitibiBowater planning to reopen an idled sawmill. The company recently announced its plans to invest $32 million to upgrade the northwestern Ontario mill with…
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