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Single- and Multi-Family Construction, US
Total private residential spending – single-family, multifamily, and home improvements – in the US fell slightly in August, by 0.1 per cent, to a seasonally adjusted annual rate of US$351.7 billion. The latest Census estimate shows gains in the single and multifamily components of private residential construction spending offset by a decline in home improvements.…
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Canada Industrial Products and Raw Material Prices
The Industrial Product Price Index (IPPI) in Canada increased 0.2 per cent in August, mainly because of higher prices for motorized and recreational vehicles, said Statistics Canada Tuesday. The Raw Materials Price Index (RMPI) declined 2.2 per cent, largely as a result of lower prices for crude energy products. The IPPI increased 0.2 per cent…
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Carrier Passes Audit
An audit of Carrier Lumber Ltd.’s forestry activities southeast of Prince George, BC, found compliance with B.C.’s forestry legislation, as Forest Practices Board said in the press release. “We are pleased to see that Carrier carried out good forest practices and fully met the requirements of the Forest and Range Practices Act and the Wildfire…
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Canfor Buys
Canfor Corp, out of Vancouver, BC, announced Wednesday the purchase of the operating assets of Southern Lumber Co. The acquisition includes a sawmill located in Hermanville, MI, which is a large log southern yellow pine dimension mill manufacturing predominately long, wide width lumber. The sawmill is in an area of exceptionally high quality fibre and…
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Maibec Signs
An agreement was signed last week between manufacturing company maibec Inc. of Lévis, QC, and Fraser Timber LLC for maibec’s purchase of the assets of the Masardis Maine lumber mill. The mill employs approximately 135 people and can produce over 100 million board feet of softwood lumber annually. The mill’s lumber is sold to the…
