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Category: Weekly Softwood Lumber Blog

  • Apartment Vacancy Rate, US: 2Q 2105

    Reis reported Thursday that the US apartment vacancy rate was unchanged at 4.2 per cent during the second quarter with construction and net absorption effectively in balance. This is compared to 4.2 per cent in 1Q. In 2Q 2014 the rate was also 42 per cent. The vacancy rate peaked at 8 per cent at…

  • US ISM Manufacturing Index: June 2015

    From the Institute for Supply Management: June 2015 Manufacturing ISM® Report On Business® The ISM manufacturing index suggested expansion in June. The PMI was at 53.5 per cent in June, up from 52.8 per cent in May. The employment index was at 55.5 per cent, up from 51.7 per cent in May, and the new…

  • Rayonier Completes

    Rayonier Inc. announced Tuesday the company has acquired approximately 18,000 acres of high-quality timberlands in southwest Louisiana and northwest Oregon in two separate transactions from BTG Pactual Timberland Investment Group. Both properties are located near existing Rayonier landholdings.

  • Skeena Sawmill Closes

    Hot weather and cool markets in China have resulted in the almost total closure of Skeena Sawmills, Terrace, BC’s, only large sawmill, according to the Terrace Standard Friday. A skeleton crew of 10 people from what was a 90-person workforce is left working. The mass layoff will last at least a month, said Mill official…

  • Housing Analysis: US Home Prices Edge Higher As Supply Declines

    The upward pressure on US home prices is being driven more by supply than demand. And this is lifting the housing sector of late: • Momentum in US sales of both new and existing homes; • Post-bubble burst, price has appreciated much faster than sales improvement; and, • Builders express optimism but are cautious in…