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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Remembrances Every Five Years
Always one to have fun with numbers, let’s have some fun now. You’ll notice that this issue marks the 46th time Timber Processing has published the Annual Lumbermen’s Buying Guide. That means the first one was published in 1979. So, beginning with 1979, and in five-year intervals, here are some tidbits that were also published in the Buying Guide in those respective years.
Weyerhaeuser Curtails New Bern Sawmill
Operations at Weyerhaeuser’s sawmill in New Bern, NC have reportedly been curtailed.
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