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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Sumitomo Forestry America Acquires Teal Jones Louisiana Mill
Sumitomo Forestry America Acquires Teal Jones Louisiana Mill In early April, Sumitomo Forestry Co., Ltd. announced that its Board of Directors has agreed to acquire 100% of the shares of Teal Jones Louisiana Holdings, LLC (TJLH) through its wholly owned subsidiary...
Charles Ingram Lumber Commissions Fulghum 170 ft. Log Crane
Charles Ingram Lumber Commissions Fulghum 170 ft. Log CraneFulghum Industries, Inc. has successfully commissioned a new 170 ft. 45-ton log crane for Charles Ingram Lumber’s expanding operations in Effingham, SC. “Charles Ingram Lumber has had a very positive...
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