-
US Home Sales, House Prices, Homeownership Rates
Markets in 162 of the approximately 340 metro areas across the US returned to or exceeded their last normal levels of economic and housing activity in 3Q 2016, ac- cording to the National Association of Home Builders/First American Leading Markets Index (LMI) released Tuesday.In 2017, sales of existing homes are forecast to grow roughly 2…
-
Japan Housing Starts
Japan housing starts improved by 3.9 per cent in September 2016, to 85,622 units annually on a seasonally-adjusted basis from 82,242 units one year ago, according to Japan Lumber Reports November 4. The proportion of wood-framed new construction — at 49,733 units — dropped to 58.8 percent, from 48,7171 units, or 59.2 percent in August. New units…
-
Canada Export Projection: EDC
In a sobering message titled “The Great Hesitation”, in the latest release of Export Development Canada’s Global Export Forecast, VP and Chief Economist Peter Hall writes, “Growth remains elusive. […] Performance in the automotive, forestry, agri-food and consumer products industries is expected to continue contributing to overall strength. The outlook pegs no growth this year,…
-
Wood Pellet Mill Investment: US
A project seeking to build a wood pellet mill in northeast Vermont has received a US$2.5 million loan guarantee through the US Department of Agriculture’s rural development division. The loan will help convert a former paper mill in Lunenburg, VT, into a wood pellet manufacturing facility. Vermont Pellet Mill Investment The project seeking to build…
-
Canada and US Sawmill Capacity: August 2016
This week was released the latest issue of the Western Wood Products Association’s monthly Lumber Track. US softwood lumber production for January to August 2016 was 22,012 MMfbm, a 3.6 percent increase from 21,250 MMfbm in the first eight months of 2015. North American Sawmill Capacity, Lumber Production: August 2016 Canada softwood lumber production for…
