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Lumber futures bounce on improved U.S. housing numbers
MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Mainstream news developments once again overshadowed North American lumber and panel trading this week as the entire nation of Canada was shocked when a lunatic tried to shoot up the Parliament buildings in Ottawa, ON, Wednesday. Conspiracy theories and fears of terrorism…
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Wooden Skyscrapers
The Oregon Zoo in Portland, home to the World Forestry Center, expects to install that state’s first building using cross laminated timber (CLT) this month, according to the Portland Tribune Thursday. As well, US home builder DR Johnson is reportedly building one of America’s first CLT production facilities in Riddle, OR. Cross Laminated Timber Madison’s…
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Interfor Markets Ilim
Vancouver, BC’s, Interfor and Ilim Timber, based in Germany and Russia, announced Thursday they have reached an agreement under which Interfor will market Ilim Timber’s European lumber products in North America. The first shipment of European spruce and red pine will arrive on the eastern seaboard of the US in the second half of October.…
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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
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US Builder Confidence
The US Home Builder Confidence Index, which measures confidence in the market for new single-family homes, declined by five points to a seasonally adjusted level of 54 in October, the National Association of Home Builders said Thursday. A reading over 50 means most builders generally see positive conditions. The index jumped in September to 59,…
