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Category: Softwood Lumber Prices

Building Permits, Canada: August 2017

Building Permits, Canada: August 2017

Canadian municipalities issued $7.5 billion worth of building permits in August, down 5.5 per cent from July, according to Statistics Canada Tuesday. This was the second consecutive monthly decrease. Despite these declines, the year-to-date value of building permits (January to August) is up 8.7 per cent compared with the same period in 2016, reflecting a $3.1 billion increase in multi-family dwellings. Canada Building Permits Total construction intentions for multi-family dwellings in Canada declined in August, down 6 per cent from…

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North American Sawmill Capacity Utilization: July 2017

North American Sawmill Capacity Utilization: July 2017

As with May, rates of production as percent of practical capacity for North American sawmills in the US in January to July 2017 rose another percentage point from last month, to 86%. This compared to 86% the previous year and 86% for full year 2016, according to the latest issue of the Western Wood Products Association Lumber Track October 6. North American Sawmill Capacity Utilization and Lumber Production: July 2017 Capacity utilization of sawmills in Canada for January to July…

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Quebec and Ontario Lumber Headed to Storm-Hit Areas

Quebec and Ontario Lumber Headed to Storm-Hit Areas

  A cargo ship departed Baie-Comeau, QC, on Sunday to deliver supplies to Puerto Rico, ravaged by the passing of Hurricane Maria, according to CBC Monday. Most of the US terri- tory’s 3.4 million residents remain without power and are struggling to find clean water and fuel. Resolute Forest Products said an employee at its Montreal headquarters, who is originally from Puerto Rico, brought the idea forward. Resolute director of public affairs, Karl Black- burn estimated that the total value…

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US New Home Sales: August 2017

US New Home Sales: August 2017

CoreLogic Tuesday released its CoreLogic Home Price Index (HPI) and HPI Forecast for August 2017, which shows US home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 per cent from August 2016 to August 2017, and on a month-over-month basis, home prices increased by 0.9 per cent in August 2017 compared with July 2017, according to the CoreLogic HPI. The CoreLogic HPI is a three month weighted…

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US Construction Spending: August 2017

US Construction Spending: August 2017

Overall construction spending in the US during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5 per cent above the revised July estimate of US$1,212.3 billion, according to the Census Bureau Monday. NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of US$520.9 billion in August, 0.5 per cent up from downwardly revised July estimates. US Construction Spending: August 2017 The monthly gains…

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Canada Sawmill Production: July 2017

Canada Sawmill Production: July 2017

Lumber production in Canada declined 9.1 per cent from June to July 2017, with Canadian sawmills producing 5,201 thousand cubic metres of lumber, said Statistics Canada Tuesday. Production was 1.9 per cent lower than in July 2016. Sawmills shipped 5,459 thousand cubic metres of lumber in July, down 5.2 per cent from June and 0.8 per cent lower than in July 2016.

Canada State-of-the-Forests Report: 2017

Canada State-of-the-Forests Report: 2017

This year Canada celebrates 150 years as a forest nation. Through The State of Canada’s Forests Annual Report, Natural Resources Canada provides the only national snapshot of Canada’s forests and forest industry. The federal agency has been tracking Canada’s journey towards sustainable forest management for 27 years. Read about the history of Canada’s forest sector and how the sector is leading the way in the global bioeconomy today. Canada Forest area Canada’s forest area of 347 million hectares (ha) has…

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North America Lumber Market Update: 3Q 2017

North America Lumber Market Update: 3Q 2017

As negotiations toward a Canada-US softwood lumber agreement furiously go on, different perspectives and data sets speak to the situation with Canadian softwood lumber exports into USA. Since the beginning of September there have been hearings in Washington, DC, for various sides — mostly US domestic interests — to table comments and submit on the topic of injury. Between now and the end of the year, Canada will have a chance to table some of its evidence. A lot of…

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US New Home Sales: August 2017

US New Home Sales: August 2017

Contracts for new single-family home sales in the US declined 3.4 per cent in August to a 560,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Tuesday. This was the second month of decline for the pace of new home sales and the weakest rate since December of last year. The three-month moving average of new home sales also weakened to 585,000, the lowest since January of this year. US…

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BCFii Year-in-Review: 2016/17

BCFii Year-in-Review: 2016/17

This week British Columbia Forestry Innovation Investment released it’s 2016/17 Year in Review report. British Columbia Forestry Innovation Investment is a BC Crown agency with a mandate that includes developing and diversifying markets for BC forest products around the world as well as promoting forest practices and the environmental merits of wood products. According to the agency’s year-in-review report released this week, over the past year, BC FII and its partners in industry and government have continued to support the…

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