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Author: Kéta Kosman

PwC Global Forest, Paper, & Packaging Deals: 1Q 2017

PwC Global Forest, Paper, & Packaging Deals: 1Q 2017

Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately US$14.7 million. This compares to 39 deals in Q4 2016 with a total value of US$3.4 billion and an average (median) deal size of approximately…

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US Housing Starts, Home Prices: June 2017

US Housing Starts, Home Prices: June 2017

Residential construction in the US ended 2Q 2017 on a stronger note as ground-breaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday. Housing starts in June jumped 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February, as both single-family and multi-family construction rebounded after a recent slump. US Home Sales: June 2017 US existing home sales as estimated by the…

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US Apartment Market Tightness Index: 2Q 2017

US Apartment Market Tightness Index: 2Q 2017

All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still hovered just below 50. The Market Tightness Index edged up from 41 to 43. The US Apartment Market Tightness Index edged up from 41 to…

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British Columbia Wildfires 2017

British Columbia Wildfires 2017

INITIALLY PUBLISHED IN Madison’s Lumber Reporter July 14, 2017: Weather experts in western Canada have deemed wildfire season in British Columbia this year as “hazard index high” explained wildfire ecologist Robert Gray to Madison’s Thursday in a phone interview. The weather service expects this hot, dry weather pattern will likely hold for 10 – 12 weeks. “This year is shaping up like 2003,” detailed Gray. In 2003 was the catastrophic wild re which was extremely damaging to the town of…

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Canada New Housing Price Index: May 2017

Canada New Housing Price Index: May 2017

 Toronto, ON, and Vancouver, BC, were largely responsible for a 0.7 per cent monthly rise in new house prices in Canada in May, said Statistics Canada Thursday. Toronto was the largest contributor to the national gain, rising 1.1 per cent from April to May. Builders linked higher prices to market conditions, a shortage of developed land and higher construction costs.  Canada New Housing Price Index: May 2017 Prices for new houses in Vancouver rose for a third consecutive month, up…

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US Home Builders Report Lumber Shortages: May 2017

US Home Builders Report Lumber Shortages: May 2017

According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, out Tuesday, the availability of building materials, especially framing lumber, significantly jumped on the list of homebuilder concerns, revealing that 21 per cent of single-family builder respondents reported a shortage of framing lumber. US LUMBER SHORTAGES: MAY 2017 This is a striking jump from 2014 when no product or material was cited as being in short supply by more than 15 per cent of builders. In fact,…

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Canada Lumber Production: April 2017

Canada Lumber Production: April 2017

Lumber production in Canada was down 7.1 per cent from March, to 5,778.2 thousand cubic metres of lumber in April, according to Statistics Canada July 7. Production was 1.8 per cent lower than in April 2016. Sawmills shipped 5,886.6 thousand cubic metres of lumber in April 2017, up 0.8 per cent from March and 4.1 per cent higher than in April 2016.

US Residential Construction Spending and Investment: May and 1Q 2017

US Residential Construction Spending and Investment: May and 1Q 2017

 National Association of Home Builders analysis of Census Construction Spending Wednesday data shows that total private residential construction spending in the US fell -0.6 per cent in May, the first decline after a strong start this year and the largest one since June 2014. Elsewhere, final estimates of 1Q 2017 GDP growth (revised up two-tenths of a percentage point to 1.4 per cent) released June 30, show that housing’s share of gross domestic product (GDP) was unchanged at 15.6 per…

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Canada Building permits: May 2017

Canada Building permits: May 2017

Canadian municipalities issued $7.7 billion worth of building permits in May, up +8.9 per cent from April and the third highest value on record, according to Statistics Canada Thursday. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of building permits in May, and every building component increased except institutional structures. The value of residential building permits issued by Canadian municipalities increased +10.8 per…

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Update of Friday’s Softwood Lumber Rumours: More Rumours

Update of Friday’s Softwood Lumber Rumours: More Rumours

A very good source to Madison’s in Québec has stated this morning that: “ U.S. Commerce Secretary Wilbur Ross and the US side proposed, in their latest discussions with Canada’s Foreign Minister Chrystia Freeland – source in the Canadian industry that spoke with Chrystia Freeland’s office Friday. A source close to the US Lumber Coalition related to Madison’s this morning that the two representatives met Friday and talked “as always” and “ “surely shook hands. But it wasn’t shaking hands…

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