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US New and Existing Home Sales: October 2015
Census and HUD reported Wednesday new homes sales for October rebounded from their unexpected low in September to a level of 495,000 on an annual basis. This is a 10.7 per cent increase from the revised September, a 1.6 per cent increase from the 3Q average and a 15.7 per cent increase in year-to-date not…
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Resolute Suspends Québec Operations
Resolute Forest Products is suspending indefinitely its wood-cutting operations in Québec’s Mauricie region near Trois-Rivieres, the company announced Thursday. The suspension, which starts Friday, will affect at least 180 jobs. The Montreal-based company attributed the decision mainly to high fibre costs, but also low market selling prices. Resolute said it has had discussions with the…
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Sawmill Fire
Investigators in northern Ohio planned to return to the scene of a sawmill fire that all but destroyed the centre of a warehouse and caused its roof to collapse. The blaze struck a warehouse behind Carter Lumber on Route 20 in Oberlin, OH, Wednesday. No injuries were reported. The cause of the fire was still…
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US Softwood Lumber Imports from Europe Double
At a total of 111,777 cubic metres, the USA imported more than twice as much softwood lumber from Europe in 3Q than it had done in the same period of last year, according to EUWID Wednesday. Foreign trade data from the US Department of Agriculture, Foreign Agriculture Service (FAS) shows that Sweden was the main…
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Global Softwood Lumber Production Increasing
The global production of softwood lumber is steadily increasing, with Europe still the largest producer (300 million cubic metres per year) and drivers of demand in North America and China, according to Fordaq via IHB Friday. The per capita consumption is highest in North America, while in Europe, Finland, Sweden, Austria, and Latvia top the…
