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…

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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…

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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 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…

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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…

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