U.S. housing starts (single-family and multi-family combined) came in at a seasonally adjusted annual rate of 1.569 million in April, down 9.5% from March but 67% above April 2020 when the pandemic severely hit the housing construction market.
Single-family starts were 1.087 million in April, 13.4% below March and nearly 59% above April a year ago. Multi-family was 470,000 in April, up 4% from March and a whopping 98% above April a year ago.
Housing building permits were at a seasonally adjusted annual rate of 1.76 million in April, about the same as in March and 61% above April 2020. Single-family permits were 1.149 million in April, 3.8% below March. Multi-family permits in April were 559,000, 11% above March.
Canfor Corp. has announced it will invest approximately $160 million to build a new, state-of-the-art sawmill near DeRidder, La. The facility will have an annual production capacity of 250 MMBF on a two-shift basis and will directly employ about 130…
Fred Stimpson, one of the Stimpson family members who ran Gulf Lumber Co. in Mobile, and who was most recently president of Canfor Southern Pine for six years, announced…
Drax Group will begin constructing the first of three new “satellite” pellet plants in Arkansas, the company has announced. The three plants are together…
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