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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…
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US House Prices
The S&P/Case-Shiller index of property values increased 5 per cent from February 2014, the biggest year-to-year gain since August, after rising 4.5 per cent in the year ended in January, the group said Tuesday in New York. As well, the Federal Housing Finance Agency (FHFA) Aprill 22 released the House Price Index data for February,…
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Quarterly Results: Forest Products Companies
Norbord, out of Toronto, ON, Friday reported a loss of US$6 million, or US$0.11 per share, in 1Q 2015 compared to earnings of US$3 million, or US$0.06 per share, in the prior quarter and earnings of US$7 million, or US$0.13 per share, in 1Q 2014. Norbord also announced completion of the merger with Ainsworth, making…
