In a large glass bowl, warm milk in the microwave for about 1 minute or until milk is very warm, but not hot to touch. (Between 105˚ and 110˚F is ideal for dissolving and activating yeast)
Add yeast to milk and whisk until dissolved.
Stir in honey, salt and flour.
Using a hand or stand mixer with dough hook(s), knead the dough for 2 minutes until a ball is formed. (If you do not have a mixer with a dough hook, you can knead by hand for 10 minutes.)
Place ball of dough into a large bowl greased with oil. Cover loosely with a towel. Set in a warm place (80˚ - 90˚F air temp) for 1 hour to let rise.
After an hour, remove towel and punch down dough. Then gently gather the dough and without pressing into it, place the dough into a greased loaf pan. I place the dough punched side down in the bread pan so that top stays more smooth.
You can let the dough rise a second time in the pan or skip the second rise and go right to baking. See notes for the instructions for the optional second rise.
Bake in a preheated oven at 375˚for 30 minutes.
Remove loaf from oven and let cool. Slice and serve warm or toast each slice. Best enjoyed buttered. Try adding jelly as well!