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USDA Promotes Wood Product and Wood Energy
The US Department of Agriculture announced Thursday it will invest up to US$7 million in grants for projects designed to expand wood products and wood energy markets that support sustainable forest management, especially in areas with high wild re risks. These grants are available through the US Forest Service’s Wood Innovations Program. Through this initiative,…
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US New Home Sales, Home Prices: Sept and Aug 2016
Newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in September, up 3.1 per cent from a downwardly revised August gure, and up 29.8 per cent from September 2015. US National Home Price Index: August 2016 The Case-Shiller National Home Price Index, released by S&P Dow Jones Indices, rose…
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North America Forest Company Quarterly Reports: 3Q 2016
This week Canfor, Weyerhaeuser, Domtar, and International Paper all released quarterly earnings reports. Canfor Corporation, out of Vancouver, BC, Wednesday reported net income attributable to shareholders of $50.9 million, or $0.38 per share, for 3Q 2016, compared to shareholder net income of $36.0 million, or $0.27 per share, for 2Q 2016 and a net loss…
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US Apartment Stocks, Rental Rates: Sept & 3Q 2016
The US National Multifamily Housing Council released its Apartment Markets Retreat in the October NMHC Quarterly Survey, said Calculated Risk Thursday. The Market Tightness Index fell to 28, the lowest since July 2009 and the fourth quarter in a row showing declining conditions. Meanwhile, the stabilization of the vacancy rate, which has been falling for…
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BC New Representative for Softwood Lumber Trade
The British Columbia government has switched chief negotiators on the softwood lumber file, according to the Vancouver Sun October 12. Dana Hayden, a former BC deputy minister for forests and international trade, left the job on September 30 after two years as chief negotiator. BC replaced her with John Allan, the former president of the…
