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Wildfires
Raging forest fires erupted with a vengeance across North America as deteriorating timber conditions in the back country and extended dry weather combined this season. Potentially record-high temperatures this weekend threaten to complicate firefighting efforts in Washington State, where five wildfires already are raging. Hot and dry weather forecast could exacerbate the 28-mile Mills Canyon…
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Housing Starts, Canada
The CMHC report showed single-unit starts rose 0.9 per cent while multiple-units, typically condominiums, rose 0.1 per cent. Canada’s condo market has cooled since 2012 after a multi-year boom, and is widely expected to cool further as unsold inventory comes onto the market. June’s strength in housing starts was led by the prairie provinces which…
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Japan Housing Starts: May 2014
Japan’s Ministry of Land, Infrastructure and Transport data shows that units built for owners declined by 22.9 per cent, to 22,288 units, said Japan Lumber Reports. These drops are influenced by Japan’s consumption tax increase in April 2013, the government agency said. New construction of wood-based units in May dropped to 36,983, from 40,035 the…
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Southern Pine Lumber Exports: April
This year continues to be a robust one for exports of Southern Pine lumber, as the Southern Forest Products Association said in the press release received by Lesprom Network. USDA’s Foreign Agricultural Service reported exports of Southern Pine to be approximately 44.3 million board feet (MMbf) for April 2014. This volume represents an increase of…
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Canada Building Permits
Canadian municipalities issued building permits worth $6.9 billion in May, up 13.8 per cent from April, said Statistics Canada Monday. This followed a 2.2 per cent rise in the previous month. The increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British…
