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US Housing Starts: November 2015
New-home construction in the US rebounded in November, led by gains in single-family dwellings that signal the residential real estate industry will continue to support growth in the world’s largest economy. Housing starts climbed 10.5 per cent to a 1.17 million annualized rate, from a 1.06 million pace in October, figures from the Commerce Department…
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Biomass Fuel Production
Cellufuel moved into the former Bowater Mersey paper plant in Brooklyn, NS, after the plant closed in 2012, throwing around 2,000 people out of work, according to CBC Friday. Since then, Cellufuel has been developing biofuel that could be used in vehicles and for heating. The plant transforms otherwise low-value wood fibre into renewable diesel…
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Interfor Restarts Sawmill
Interfor Corporation, out of Vancouver, BC, has resumed operations at its saw- mill in Georgetown, SC, following record rainfalls and extensive flooding in the area over the past two months, as the company said in the press release Thursday. During the height of the rainstorms from October 1-5, two feet of rain fell in Georgetown…
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US Southern Pine Lumber Exports: October 2015
For the fourth consecutive month, export volumes of Southern Pine lumber have established an upward trend, said the Southern Forest Products Association in the press release Wednesday. During October, US pine exports to be just over 58 million board feet. This volume represents a boost of 7 per cent above the same month last year,…
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Canada Housing Starts: November 2015
Canadian housing starts rose unexpectedly in November and building permits surged in October, fueling Canada’s prolonged housing boom even as the nation’s weak economy contributed to underlying softness in some regions, reports showed on Tuesday. Groundbreaking on new homes jumped to 211,916 units last month from a downwardly revised 197,712 units in October, bucking expectations…
