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Railcar Traffic of Forest Products, North America
The volume of rail freight carried in Canada totalled 30.5 million tonnes in April, up 1.7 per cent from the same month last year, said Statistics Canada Wednesday. Freight originating in Canada rose 2.5 per cent to 27.1 million tonnes. Non-intermodal freight rose 3 per cent to 296,000 carloads. The amount of freight loaded into…
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Canada Investment in Housing Construction: April 2015
Investment in Canadian new housing construction rose 2.3 per cent to $3.9 billion in April compared with the same month in 2014, according to Statistics Canada Monday. Higher investment in apartment and condominium building construction was responsible for most of the national advance, rising 7.9 per cent to $1.3 billion. Single-family dwellings were the lone…
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Homeownership vs Rental Rates, US
Amercia’s homeownership rate has been falling for eight years, down to 63.7 per cent in 1Q this year from a peak of over 69 per cent in 2004, according to a new report released by Harvard University’s Joint Center for Housing Studies, said the New York Times Wednesday. The flip side of the decline in…
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COFI Announces…
BC Hydro executive vice-president Susan Yurkovich will become the new president and chief executive officer of the Council of Forest Industries on September 14, the agency announced Tuesday. Yurkovich, who leaves Hydro at the end of this week, will replace James Gorman, who is taking a new position as vice-president of Vancouver-based wood products company…
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US New and Existing Home Sales: April 2015
Following the pullback seen in the previous month, the Commerce Department released a report on Tuesday showing that US new home sales climbed 6.8 per cent to an annual rate of 517,000 in April from the revised March rate of 484,000. Meanwhile, the National Association of Realtors reported Thursday that the median price of an…
