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Edgewood Invests in Carrot River
The sawmill in Carrot River, SK, is getting an upgrade that its owner says will create 50 new jobs, according to CBC Thursday. Edgewood Forest Products said it will spend $25 million to replace existing equipment. The company said the new equipment will expand operations and reduce log-processing costs. The equipment is expected to be…
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House Prices Up 5 Per Cent
The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent. Elsewhere, on a…
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US Purchasing Managers Index, Canada Producer Price Index
March data pointed to a positive month for U.S. manufacturing business conditions, with momentum building again after a slowdown at the turn of the year, said Markit Wednesday. This was highlighted by stronger rates of output and new business growth, alongside sustained job creation during the latest survey period. New export sales remained a source…
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Montana to Log Timber
A logging project in the Bitterroot, MT, will provide nearly six million board feet of timber for state mills, the US Forest Service said Thursday. Montana Logging A logging project in the Bitterroot will provide nearly 6 million board feet of timber for state mills. The Stevensville Ranger District is closing Forest Road #428…
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US Residential Construction Spending
National Association of Home Builders analysis finds that over the last year, the pace of private single-family construction spending increased 9.7 per cent and multifamily construction spending increased 31.5 per cent For the month of February, the annual rate of single-family construction spending was US$203.9 billion, down 1.4 per cent from January. The February rate…
