Browsed by
Author: Kéta Kosman

Canada Residential Construction: April 2017

Canada Residential Construction: April 2017

New housing construction investment totalled $4.6 billion in April, up 8.4 per cent compared with April 2016, said Statistics Canada also Thursday. Eight provinces posted gains, led by Ontario. Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted higher investments in single-family dwelling construction. Ontario was well ahead of the other provinces, with $203.7 million in increased spending, a 22.9 per cent increase…

Read More Read More

US New and Existing Home Sales, Inventory: May 2017

US New and Existing Home Sales, Inventory: May 2017

Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace to 593,000. The growth in sales continues along a positive trend for the market, which is sup- ported by solid job growth, improving household formations,…

Read More Read More

US Softwood Lumber Imports: 1Q 2017

US Softwood Lumber Imports: 1Q 2017

Offshore imports of softwood lumber to the US continued to climb in early 2017 after increasing 43 per cent in 2016, according to the Campbell Group’s monthly Timber Trends Thurday. As Canadian producers have shifted their focus to markets outside of the US, attention has turned to the supply side of the US softwood lumber market and more specifically to offshore imports. An increase in ffshore imports is one of the expected supply-side responses to constrained shipments from Canada resulting…

Read More Read More

Anti-Dumping Duty Rates announced — Softwood Lumber

Anti-Dumping Duty Rates announced — Softwood Lumber

Anti-Dumping Duty Rates announced — Softwood Lumber Canfor 7.72 percent Resolute 4.59 percent Tolko 7.53 percent West Fraser 6.76 percent All others (including Irving) 6.87 percent Lumber produced in NS, PEI, and NL, from timber harvested in those provinces, and so certified by the Atlantic Lumber Bureau, will be excluded from both AD and CVD. Keta Kosman Publisher Madison’s Lumber Reporter, est. 1952 Vancouver, BC, Canada www.madisonsreport.com 604 319-2266

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…

Read More Read More

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….

Read More Read More

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…

Read More Read More

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…

Read More Read More

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…

Read More Read More

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…

Read More Read More