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Canada Housing Permits: March 2015
The total value of Canadian building permits rose 11.6 per cent from a month earlier to $6.9 billion in March, said Statistics Canada Thursday. This was the first increase in three months. Higher construction intentions for non-residential buildings in British Columbia and Alberta and for multi-family dwellings in Ontario and British Columbia were responsible for…
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US REO Inventory
Frannie Mae’s statement Friday on 1Q 2015 US REO inventory, “We continue to experience disproportionately higher credit losses and serious delinquency rates from single-family loans originated in 2005 through 2008 than from loans originated in other years. Single-family loans originated in 2005 through 2008 constituted 12 per cent of our single-family book of business as…
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North American Forest Company News
This was Forestry Week in Vancouver, BC, with the Pulp and Paper Products Council and PwC holding their annual forestry conferences. Madison’s will provide coverage and updates on the sessions and conference topics in a future issue. Meanwhile there was plenty of breaking news about North American softwood lumber production; including downtime, curtailments, earnings reports,…
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Madison’s Forest Pulse: 1Q 2015 — Out Today!!
THE LATEST Lumber Production and Export Data: • US sawmill products exports to China by VALUE are down by -17.5% (compared to up +20% for previous quarter), to US$189 million (FAS value), for Jan to Feb 2015. The previous year it was US$229 million. • US sawmill products imports from Canada by VALUE are up…
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US Construction Spending, House Prices
National Association of Home Builders analysis of US Census construction spending data found Friday that over the last year, the pace of private single-family construction spending increased 7.8 per cent and multifamily construction spending increased 23.4 per cdent, despite monthly declines for March. For the month, the seasonally adjusted annual rate of single-family construction spending…
