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Category: Lumber News

US Home Builder Confidence, Home Equity: June & 1Q ‘17

US Home Builder Confidence, Home Equity: June & 1Q ‘17

Builder confidence in the market for newly-built single-family homes in the US weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Thursday. Elsewhere, according to the Federal Reserve Board’s 1Q 2017 release Tuesday of its Financial Accounts of the United States report, household holdings of real estate totalled US$23.526 trillion in 1Q 2017, which is US$1.597…

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US Housing Starts: May 2017

US Housing Starts: May 2017

Total housing starts in the US declined in May after a few, strong early months to begin 2017. Total starts were down 5.5 per cent, falling to a 1.092 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Declines were recorded for both single-family and multifamily development. Single-family starts fell back, declining to a 794,000 annual rate. The February annualized rate, 877,000, was the fastest monthly pace since the Great Recession….

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US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US lumber production increased 10.7 per cent in March compared to the month prior but declined 0.5 per cent from March 2016, according to statistics from the Western Wood Products Association’s Lumber Track. Production totaled 2.941 billion board feet (BBF) in March. Production in the West jumped 14.9 per cent over February, while output in the South increased 7.4 per cent. For the first quarter, US production totaled 8.251 BBF, edging 1.2 per cent higher than the same period in…

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US Construction Job Openings: April 2017

US Construction Job Openings: April 2017

The count of unfilled jobs in the construction sector climbed in April, rising to the highest level since September of last year. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis released Monday, the number of open construction sector jobs stood at 203,000 in April. The cycle high was 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for April came in at 2.9 per…

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Canada and US Softwood Lumber Update: 1Q ‘17

Canada and US Softwood Lumber Update: 1Q ‘17

New data this week out of Statistics Canada, on Canadian softwood lumber production and sawmill sales, as well as from the US Department of Commerce, on US coniferous wood imports and exports, give an excellent update to the economic state of the North American forest products industry for 1Q 2017. According to figures Wednesday from the US Department of Agriculture’s Foreign Agriculture Service, the USA imported 8.5 million cubic metres of softwood lumber from Canada in 1 Q 2017, a…

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Canada’s Lumber Market Forecast: Conference Board

Canada’s Lumber Market Forecast: Conference Board

Following its strongest showing in three years, production growth in Canada’s wood products industry is expected to moderate significantly in 2017 due to the incoming US trade restrictions on Canadian softwood lumber, according to The Conference Board of Canada’s Canadian Industrial Outlook: Canada’s Wood Products Manufacturing Industry, released Friday. Canada’s wood products manufacturers will see pre-tax profits shrink from $1.8 billion in 2016 to $1.4 billion this year and $1.1 billion in 2018, as the United States issues duties averaging…

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Canada Wholesale Trade, Lumber Exports: March 2017

Canada Wholesale Trade, Lumber Exports: March 2017

Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, from a revised $936 million deficit in March, said Statistics Canada Friday. Exports rose 1.8 per cent to $47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6 per cent to $48.1 billion, on the strength of import prices. Canada’s trade activity has been strong in recent months, with Canada’s total merchandise trade (exports plus imports) reaching a record…

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US Construction Spending, House Prices: April 2017

US Construction Spending, House Prices: April 2017

Construction spending in the US during April 2017 was estimated at a seasonally adjusted annual rate of US$1,218.5 billion, 1.4 per cent below the revised March estimate of US$1,235.5 billion. Spending on private construction was at a seasonally adjusted annual rate of US$943.3 billion, 0.7 per cent below the revised March estimate of US$949.7 billion. In April, the estimated seasonally adjusted annual rate of public construction spending was US$275.3 billion, 3.7 per cent below the revised March estimate of US$285.9…

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Madison’s Forest Pulse: 1Q 2017 Data

Madison’s Forest Pulse: 1Q 2017 Data

North American Sawmill Sales, Lumber and Log Supply and Production, Imports and Exports The latest data, some only just released from Statistics Canada, US Census, Industry Canada and others, is now combined into a sleek and concise visual format. Contact our office today for your subscription! Don’t miss out on this forward-indicator of Canada and US lumber movement and consumption:

US Lumber Imports, House Size, Home Sales

US Lumber Imports, House Size, Home Sales

The US imported a total of 8.456 million cubic metres of softwood lumber from Canada in 1Q this year which, according to the figures from the US Department of Agriculture, Foreign Agriculture Service (FAS), equates to a reduction of 16 per cent against last year. The FAS also recorded a reduction in US softwood lumber exports for 1Q. At a total of 782,448 cubic metres, the exports were 4 per cent below the figure for a year earlier. The main…

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