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Japan Housing Starts
Read more: Japan Housing StartsJapan housing starts improved by 3.9 per cent in September 2016, to 85,622 units annually on a seasonally-adjusted basis from 82,242 units one year ago, according to Japan Lumber Reports November 4. The proportion of wood-framed new construction — at 49,733 units — dropped to 58.8 percent, from 48,7171 units, or 59.2 percent in August. New units…
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Canada Export Projection: EDC
Read more: Canada Export Projection: EDCIn a sobering message titled “The Great Hesitation”, in the latest release of Export Development Canada’s Global Export Forecast, VP and Chief Economist Peter Hall writes, “Growth remains elusive. […] Performance in the automotive, forestry, agri-food and consumer products industries is expected to continue contributing to overall strength. The outlook pegs no growth this year,…
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Wood Pellet Mill Investment: US
Read more: Wood Pellet Mill Investment: USA project seeking to build a wood pellet mill in northeast Vermont has received a US$2.5 million loan guarantee through the US Department of Agriculture’s rural development division. The loan will help convert a former paper mill in Lunenburg, VT, into a wood pellet manufacturing facility. Vermont Pellet Mill Investment The project seeking to build…
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Canada and US Sawmill Capacity: August 2016
Read more: Canada and US Sawmill Capacity: August 2016This week was released the latest issue of the Western Wood Products Association’s monthly Lumber Track. US softwood lumber production for January to August 2016 was 22,012 MMfbm, a 3.6 percent increase from 21,250 MMfbm in the first eight months of 2015. North American Sawmill Capacity, Lumber Production: August 2016 Canada softwood lumber production for…
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US Southern Pine Exports Up 17% in August 2016
Read more: US Southern Pine Exports Up 17% in August 2016Exports of Southern Pine lumber remained at a lofty level in August, amounting to almost 56.5 MMbf, as the Southern Forest Products Association said in a press release received by Lesprom Network Monday. This volume represents an increase of 17 per cent above the same month last year, contributing to a year-to-date increase of 14…
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Tarriff -Free Canadian Lumber Imports to EU: CETA
Read more: Tarriff -Free Canadian Lumber Imports to EU: CETACurrent EU tariffs for forest products range from 2 per cent to 10 per cent; upon Canada/EU bilateral agreement CETA’s entry into force, all Canadian forestry products will enjoy duty-free entry to the EU, according to Lesprom Network Monday. The EU is the world’s third largest importer of forest products – US$46 billion in 2015,…
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Multi-Storey Wood Timber Building
Read more: Multi-Storey Wood Timber BuildingLast week was held the Timber Expo and UK Construction Week in Birmingham, UK. Now that wood framed buildings in Ontario can rise to six storeys, several owners have opted to go that route, citing speed of construction and cost as their prime motivators, wrote Ian Harvey in Daily Commercial News Friday. While there’s not…
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West Fraser Invests in US Sawmill
Read more: West Fraser Invests in US SawmillWest Fraser, out of Vancouver, BC, is expanding its Newberry County sawmill operations in South Carolina. The project is expected to bring US$33 million in new capital investment, as South Carolina Department of Commerce reported Thursday. West Fraser Invests in US Sawmill Since 2007, the West Fraser has invested millions to modernize the mill. The…
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84 Lumber Closes Land Sale Deal
Read more: 84 Lumber Closes Land Sale DealSpirit Realty Capital, based in Dallas, TX, Wednesday announced the Company has closed on the sale of 108 properties to a subsidiary of 84 Lumber Company, out of Eighty Four, PA. The total cash consideration received by Spirit today was US$205.7 million, consisting of US$200.7 million to purchase the assets, and a US$5 million amendment…
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USDA Promotes Wood Product and Wood Energy
Read more: USDA Promotes Wood Product and Wood EnergyThe US Department of Agriculture announced Thursday it will invest up to US$7 million in grants for projects designed to expand wood products and wood energy markets that support sustainable forest management, especially in areas with high wild re risks. These grants are available through the US Forest Service’s Wood Innovations Program. Through this initiative,…
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US New Home Sales, Home Prices: Sept and Aug 2016
Read more: US New Home Sales, Home Prices: Sept and Aug 2016Newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in September, up 3.1 per cent from a downwardly revised August gure, and up 29.8 per cent from September 2015. US National Home Price Index: August 2016 The Case-Shiller National Home Price Index, released by S&P Dow Jones Indices, rose…
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North America Forest Company Quarterly Reports: 3Q 2016
Read more: North America Forest Company Quarterly Reports: 3Q 2016This week Canfor, Weyerhaeuser, Domtar, and International Paper all released quarterly earnings reports. Canfor Corporation, out of Vancouver, BC, Wednesday reported net income attributable to shareholders of $50.9 million, or $0.38 per share, for 3Q 2016, compared to shareholder net income of $36.0 million, or $0.27 per share, for 2Q 2016 and a net loss…
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US Apartment Stocks, Rental Rates: Sept & 3Q 2016
Read more: US Apartment Stocks, Rental Rates: Sept & 3Q 2016The US National Multifamily Housing Council released its Apartment Markets Retreat in the October NMHC Quarterly Survey, said Calculated Risk Thursday. The Market Tightness Index fell to 28, the lowest since July 2009 and the fourth quarter in a row showing declining conditions. Meanwhile, the stabilization of the vacancy rate, which has been falling for…
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BC New Representative for Softwood Lumber Trade
Read more: BC New Representative for Softwood Lumber TradeThe British Columbia government has switched chief negotiators on the softwood lumber file, according to the Vancouver Sun October 12. Dana Hayden, a former BC deputy minister for forests and international trade, left the job on September 30 after two years as chief negotiator. BC replaced her with John Allan, the former president of the…
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BC New Representative for Softwood Lumber Trade
Read more: BC New Representative for Softwood Lumber TradeThe British Columbia government has switched chief negotiators on the softwood lumber file, according to the Vancouver Sun October 12. Dana Hayden, a former BC deputy minister for forests and international trade, left the job on September 30 after two years as chief negotiator. BC replaced her with John Allan, the former president of the…
