Friday, May 16, 2014

BCREA ECONOMICS NOW
US Housing Starts - May 16, 2014
US housing starts jumped in April, reaching their highest level since November of last year. Total housing starts increased 13.2 per cent from March to a seasonally adjusted annual rate (SAAR) of 1.07 million units. 
Shipments of lumber and other manufactured wood  products have struggled to start the year as severe winter weather in the United States slowed new home construction.  An increased pace of US housing starts should help to get BC's wood products sector back on track, boosting BC's export sector and associated employment.