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British Columbia Budget and Forestry
The latest budget tabled in the BC Legislature, yesterday, contains a $32 million increase for the Forests Ministry. Almost all of that will be used to address the timber permitting backlog. Forest Service Plan The BC Ministry of Forests, Lands and Natural Resource Operations has released the latest Forest Service Plan, also yesterday. http://www.bcbudget.gov.bc.ca/2013_June_Update/sp/pdf/ministry/flnr.pdf At…
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Interfor Reports, Buys
International Forest Products, or Interfor, out of Vancouver, BC, Thursday reported net earnings of $11.4 million or $0.18 per share in 4Q 2013, compared to net losses of $0.1 million or $0.00 per share in 3Q and $3.8 million or $0.07 per share in 4Q 2012. Also this week, Interfor agreed to purchase operations including…
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Housing Starts, Japan
On January 31, Japan’s Ministry of Land, Infrastructure, Transport and Tourism announced that housing starts in December were 89,578 units, up 18 per cent compared with the same month in 2013, exceeding the result in a year ago for 16 months, according to Japan Lumber Journal. The seasonally-adjusted annual rate was 1,055,000 units, recording the…
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Canada Housing Starts
The pace of Canadian housing starts slowed in January with a steep drop in multiple-unit homes, an indication builders are adjusting to a slowdown in buyers, according to Canada Mortgage and Housing Corporation (CMHC) Monday. The agency estimates there were 11,737 actual housing starts in January and that is extrapolated to a seasonally adjusted annual…
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Lumber Production Up : Jan – Nov 2013
US sawmills produced 27.66 billion board feet (bbf) of softwood lumber in the first 11 months of 2013 – up 5.7 per cent from 26.161 bbf a year earlier, according to the Western Wood Products Association’s Lumber Track February 10. Western US sawmills accounted for 12.534 bbf of the monthly total, a gain of 7.5…
