-
Canada Investment in Housing Construction: 2Q and May 2018
Canadian investment in new housing construction increased +6.3% from May 2017 to $4.8 billion in May, according to Statistics Canada Thursday. The year-over-year increase was led by spending on multiple-unit construction (apartment buildings, row houses and semi-detached houses), while spending on single-family homes was down. Investment in non-residential building construction, meanwhile, totalled $14.3 billion in 2Q 2018, up +1.4% compared with…
-
This week Madison’s Lumber Reporter printed down on benchmark softwood lumber prices by quite a bit . . .
Madison’s Lumber Reporter Published by Keta Kosman · 31 mins · This week Madison’s Lumber Reporter printed down on benchmark WSPF KD 2×4 #2&Btr #softwood #lumber prices by quite a bit. The most-often comment from sources was “prices tanking”. Now is the start of the annual seasonal curtailments in Quebec, and the forest fire ban…
-
Conference Board of Canada: Economic Effects of Tariffs
Mentioned briefly in last week’s issue of your Madison’s Lumber Reporter, the Conference Board of Canada‘s latest Canadian Outlook Bulletin, released July 9, calls for the national economy to grow by +1.8 per cent in 2018–19 in the wake of a +3 per cent gain last year. “An easing pace of consumer spending, potential breakup…
-
US Producer Price Index, Construction Materials: June 2018
Construction material prices in the US rose another +0.8% in June and are +9.6% higher than they were at the same time one year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data release Wednesday. June represents the latest month associated with rapidly rising construction input prices. Nonresidential…
-
Conifex Completes
Conifex Timber, out of Vancouver, BC, announced Monday that it has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood Arkansas. As a result of this acquisition, our total annual lumber production capacity has increased by approximately 50% to 1.1 billion board feet and our total…
