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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Vida Purchases Swedish Sawmill
Vida Purchases Swedish SawmillVIDA AB plans to acquire a 50MMBF sawmill from Ingarp Träskydd for 50 million SEK ($6 million CAD). The sawmill has the potential for expansion to 100MMBF. The acquisition marks a continued investment in the area around Vida's sawmills in...
The Portland Show Keeps On Keepin’ On
Article by Rich Donnell, Editor-in-Chief, Timber Processing October 2023 – The conclusion of the SFPA Expo held in Nashville in August can only mean one thing. It’s time to move on to the next major sawmill machinery show: the Timber Processing & Energy Expo (TP&EE)…
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