Category: Lumber News

  • Canadian Forest Companies Urge House of Commons

    Once again Canadian lumber producers have pressed the federal government on the urgency of moving forward on the softwood lumber trade file, this time appearing before the House of Commons Standing Committee on International Trade in Ottawa Wednesday to voice their support for the Canadian Government’s continued efforts to reach a new softwood lumber agreement…

  • US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016

     FANNIE MAE reported Thursday the number of Real Estate Owned inventory declined to 52,289 at the end of 1Q 2016, compared to 79,319 at the end of 1Q 2015. FREDDIE MAC reported the number of REO inventory declined to 15,409 at the end of Q1 2106 compared to 22,738 at the end of Q1 2015.…

  • US Lumber Groups Support Timber Innovation Act

    The American Wood Council (AWC), American Forest Foundation (AFF), Binational Softwood Lumber Council (BSLC) and Southeastern Lumber Manufacturers Association (SLMA) today announced their strong support for the “Timber Innovation Act”, according to an American Wood Council release Monday. US “Timber Innovation Act”  “Advancing the construction of tall wood buildings will help lower the cost of…

  • Canada Sawmill Production: February 2016

    Lumber production by Canadian sawmills in February increased 1.8 per cent from January, to 5,627.9 thousand cubic metres, according to new data released by Statistics Canada Friday. Compared with February 2015, lumber production rose 12.4 per cent. Sawmills shipped 5,570.7 thousand cubic metres of lumber in February, up 5 per cent from January. Shipments rose…

  • Export Development Canada Reduces Forecast

    Export Development Canada has slashed its forecast of goods exports this year to 2 per cent, down from a previous estimate of 7 per cent. While natural resources continue to struggle under lower prices and sluggish demand, double-digit growth in consumer goods, automotive, and aerospace sec– tors will drive Canada’s overall exports to grow by…