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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Canada Challenges Lumber Duties
Canada Challenges Lumber Duties Canada will challenge the final results of the U.S. Dept. of Commerce’s fifth Canadian softwood lumber reviews, according to a statement from Mary Ng, Minister of Export Promotion, International Trade and Economic Development....
Canfor Closures Causing Ripples
Canfor Closures Causing RipplesCanfor Corp., which announced in early September the closure of its Vanderhoof and Fort St. John sawmills in northern British Columbia, citing ongoing financial losses, weak lumber markets, and increased U.S. tariffs, said it remains...
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