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US Architecture Billings Index: July 2015
The Architecture Billings Index (ABI) is reflecting healthy and sustained demand for design services in nearly all nonresidential project types, the American Institute of Architects (AIA) said Wednesday. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The AIA…
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US Producer Price Index: July 2015
The US Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for July. Inflation in prices received by producers (prior to sales to consumers) rose 0.2 per cent in July after a 0.4 per cent increase in June. The increase was based on rising prices for services (0.4 per cent), prices for goods…
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Goodfellow – Lebel Cambium Joint Venture
A joint venture announced this week would combine Goodfellow’s three plants in Delson, QC, Elmsdale, NS, and Deer Lake, NL, and Lebel Cambium’s two Ontario plants (Bancroft and Caledon) and two Quebec plants (Degelis and St-Joseph), as those two companies expand their reach and profits by forming one of Eastern Canada’s largest producers of treated…
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BC Sawmill Waste Pile Fire
A potentially disastrous mill fire, which spontaneously erupted in a waste pile at the Whitevalley Tolko Mill, was snuffed out by firefighters in Lumby, BC early Wednesday morning. Although the blaze was small, sitting near the log yard amongst additional sawmill waste, “it had the potential to be quite disastrous,” said Lumby fire chief Tony…
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US Housing Starts: July 2015
US home building ticked up in July thanks to a surge in construction of single-family homes. US housing starts rose 0.2 per cent from a month earlier to a seasonally adjusted annual rate of 1.21 million last month, the highest since October 2007, the Commerce Department said Tuesday. That is the third time in four…
