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Canada Housing Starts
Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday. A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July. The small…
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Housing Starts, Japan
Housing Starts, Japan According to the Ministry of Land, Infrastructure, Transport and Tourism, Japan’s housing starts in July 2014 were 72,880 units, a 14.1 per cent drop from the same month in the previous year, and was below the result of the preceding year for the fifth consecutive month, said the Japan Lumber Journal Friday.…
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US Home Sales, Mortgages
US foreclosure activity jumped in August for the second consecutive month, industry firm RealtyTrac said on Thursday. Overall, 116,913 properties were at some stage of the foreclosure process, which includes foreclosure notices, scheduled auctions and bank repossessions, the group said. That pushed overall activity up 7 per cent from July. From a year ago, foreclosure…
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Mattawa Sawmill Sold
A shuttered former Tembec sawmill in Mattawa, ON, has been sold to a southern Ontario green-tech startup company, according to Northern Ontario Business Friday. The Mattawa-Bonfield Economic Development Corporation (MBEDC) announced that the BioNorth Technology Group acquired the 187-acre mill property in August. The company needs a minimum of 50,000 cubic metres of fibre annually…
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Forest Management USA
Two American states are in the news this week with big moves in timberland management. North Carolina State University (NCSU) plans to sell most of the Hofman Forest to a company that specializes in sustainable timber management. Multiple media outlets reported Thursday that the Resource Management Service of Alabama, a Timber Investment Management Organization (or…
