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US Apartment Absorptions: 2Q 2015
Read more: US Apartment Absorptions: 2Q 2015The US rental apartment market continued to be strong during 2Q 2015, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments, completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with…
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US House Prices
Read more: US House PricesThe CoreLogic HPI Forecast, released Tuesday, indicates that home prices in the US are projected to increase by 4.7 per cent on a year-over-year basis from September 2015 to September 2016, but could potentially dip slightly month over month from September 2015 to October 2015. US House Prices The CoreLogic Home Price Index Forecast indicates…
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Canada Building Permits: September 2015
Read more: Canada Building Permits: September 2015Municipalities issued $7.1 billion worth of building permits in September, down 6.7 per cent from the previous month, said Statistics Canada Friday. This was the second consecutive monthly decline. Lower construction intentions for residential buildings and commercial structures in Ontario largely explained the decline. Building Permits, Canada The value of residential building permits declined 11.6…
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Taiga Reports
Read more: Taiga ReportsTaiga Building Products Thursday reported its financial results for the three and six months ended September 30, 2015. Sales for 2Q increased to $388 million from $383.6 million in the same quarter last year. The increase in sales by $4.4 million or 1.2 per cent was largely due to increased demand in the US. Gross…
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US REO Inventory: 3Q 2015
Read more: US REO Inventory: 3Q 2015Freddie Mac Tuesday reported a net loss of US$475 million for 3Q 2015, compared to net income of US$4.2 billion for 2Q 2015. The company also reported a comprehensive loss of US$501 million for 3Q 2015, compared to comprehensive income of US$3.9 billion for 2Q 2015. Single-family Real Estate Owned (REO) inventory (measured in number…
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US Construction Spending: September 2015
Read more: US Construction Spending: September 2015National Association of Home Builders analysis of Census construction spending data showed Wednesday that total US private residential construction spending for September increased, rising to a seasonally adjusted annual rate of US$395 billion. On a month-over-month basis, private single-family spending was US$222 billion, up by 1.3 per cent over the revised August estimate. Private multifamily…
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Japan Housing Starts: September 2015
Read more: Japan Housing Starts: September 2015Total housing starts in Japan were 77,872 in September, a 2.6 per cent increase over the same month last year according to Japan Lumber Reports Friday. Total starts for the first nine months of 2015 were 676,997 units, up 2.8 per cent from the same time last year. Housing Starts, Japan On a seasonally adjusted…
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Advanced Cellulosic Biofuel
Read more: Advanced Cellulosic BiofuelDuPont celebrated, at the end of October, the opening of its cellulosic biofuel facility — the largest in the world — in Nevada, IA. Advanced Cellulosic Biofuels The DuPont Iowa biorefinery is the world’s largest cellulosic ethanol plant, with the capacity to produce 30 million gallons per year of clean fuel that offers a 90…
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Commodities 2016 and Beyond
Read more: Commodities 2016 and BeyondThis week Manulife Financial, Canada’s largest life insurer, announced it is looking to add more commodities to its investment mix after prices plunged for metals including zinc and copper. As well, the Financial Times forecast the end of this commodities price slump. Global Commodities Outlook Commodities Price Cycle Not Yet Hit Bottom Manulife wants to…
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US GDP, Economy 3Q 2015
Read more: US GDP, Economy 3Q 2015The US economy grew at an annualized rate of 1.5 per cent in the 3Q of the year, the Commerce Department said Thursday, matching the estimates of economists surveyed by The Wall Street Journal. That was off from 2Q’s torrid 3.9 per cent growth rate. Compared with the same quarter a year ago, the economy…
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Canada and BC Lumber Manufacturing, US Sawmill Trade 3Q 2015
Read more: Canada and BC Lumber Manufacturing, US Sawmill Trade 3Q 2015New data out this week from Statistics Canada and the US Census shows stability in North America lumber manufacturing and cross-border trade. Madison’s Forest Pulse 3Q 2015 The next issue of quarterly Madison’s Forest Pulse will be out next week, and the latest data on Canadian softwood lumber production, sawmill sales, and lumber exports together…
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Canada and BC Lumber Manufacturing, US Sawmill Trade 3Q 2015
Read more: Canada and BC Lumber Manufacturing, US Sawmill Trade 3Q 2015New data out this week from Statistics Canada and the US Census shows stability in North America lumber manufacturing and cross-border trade. Madison’s Forest Pulse 3Q 2015 The next issue of quarterly Madison’s Forest Pulse will be out next week, and the latest data on Canadian softwood lumber production, sawmill sales, and lumber exports together…
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BC Economic State of the Forest Sector 2015

Read more: BC Economic State of the Forest Sector 2015
This October the Competitiveness and Innovation Branch of the BC Ministry of Forests, Lands and Natural Resource operations has released the 2014 Economic State of the B.C. Forest Sector report. Prices and Costs – North America’s housing market improved in 2014, but housing starts were still low compared to the early/mid 2000’s. Average SPF 2×4…
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US Housing Starts, Sales
Read more: US Housing Starts, SalesConstruction companies in the US built more apartment complexes in September, resulting in a temporary rise in housing starts for a real estate market that otherwise appeared to have crested during the summer. Housing starts last month rose 6.5 per cent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said…
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Japan Wood Products Under TPP Deal
Read more: Japan Wood Products Under TPP DealFurther to details provided in the October 9 issue of your Madison’s Lumber Reporter (please see Page 6 of that issue), of the main 15 common wood product items, tariffs on six items will be abolished immediately while for LVL and laminated lumber tariffs will be reduced evenly over ten years the totally abolished, said…
