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....
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