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.
Latest News
Ransford Automates Post-Pointing Line
Charles Ransford & Son is a producer of British timber products operating on a 38 acre site at Bishops Castle in Shropshire, with fencing and landscaping products represent the lion’s share of its production. The 55 employees work on a single shift, dealing predominantly with redwood.
Robbins Lumber Lists Hancock Sawmill Site For Sale
Robbins Lumber has listed its 100-acre sawmill complex in Hancock, Maine for sale with a price of $2.5 million. This site was acquired from Pleasant River Lumber in 2023 by Robbins. Included in the property sale are kilns, a planer mill, truck scale and a 42,000 sq. ft. sawmill with an attached machine shop. The property also includes a fully leased apartment building.
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