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US Home Sales, Prices: June 2015
Read more: US Home Sales, Prices: June 2015New-home sales fell 6.8 per cent in June from a month earlier to a seasonally adjusted annual rate of 482,000, the lowest reading since November 2014, the US Commerce Department said Friday. US new home sales fell 1.1 per cent in May, down from an initially reported 2.2 per cent increase. Sales jumped 28 per…
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Chicago Fed Index: June
Read more: Chicago Fed Index: JuneThe Chicago Federal Reserve’s national activity index the Chicago Fed National Activity Iindex (CFNAI) moved up to +0.08 in June from –0.08 in May, largely due to improvements in production- and employment-related indicators. Three of the four broad categories of indicators that make up the index increased from May, and two of the four categories…
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Seneca Breaks Ground
Read more: Seneca Breaks GroundMajor building upgrades are set to begin at Eugene, OR-based Seneca Sawmill Company Friday, said The Register-Guard. The company invited media to the start of a US$60 million overhaul of its dimension mill on Highway 99. The dimension mill processes logs with diameters between 12 and 40 inches. The upgrades will improve efficiency at the…
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Transportation Update: North America
Read more: Transportation Update: North AmericaBig news out of the US this week on the transportation front: a Senate plan to fund federal highway and rail transportation projects for three years advanced on a procedural vote on Wednesday, overcoming a roadblock to begin debate on the legislation. The legislation is expected to dominate Senate debate into next week but would…
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US Housing Starts: June 2015
Read more: US Housing Starts: June 2015New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 per cent to a 1.17 million annualized rate from a revised 1.07 million in May that was stronger than previously estimated, figures from the Commerce Department showed Friday…
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US Producer Prices: June
Read more: US Producer Prices: JuneThe US Bureau of Labor Statistics (BLS) Wednesday released the Producer Price Indexes (PPI) for June. Inflation in prices received by producers rose 0.4 per cent in June after a 0.5 per cent increase in May. The increase was based on rising prices for both goods (0.7 per cent) and services (0.3 per cent). Within…
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Canada Manufacturing Survey: May
Read more: Canada Manufacturing Survey: MayManufacturing sales in Canada edged up 0.1 per cent to $49.9 billion in May, while constant dollar sales fell 0.5 per cent, indicating a lower volume of goods sold, said Statistics Canada Wednesday. The slight increase in current dollar sales was the second gain in 2015. Sales were up in 6 out of 21 industries,…
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Great Lakes Forestry Funding
Read more: Great Lakes Forestry FundingThe Government of Canada announced Tuesday $5-million in new funding for Natural Resources Canada’s Great Lakes Forestry Centre in Sault Ste. Marie, ON. The funding will be used for energy-efficiency and infrastructure upgrades to the Centre, which conducts research on sustainable forest management, biological control of forest pests and diseases, forest productivity and forest fire…
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Timber Allocation: Québec
Read more: Timber Allocation: QuébecA forestry agreement signed Monday halts a $180-million Cree lawsuit against the Quebec government. The agreement between the Quebec government and the Grand Council of the Crees calls for co-management of forestry cutting and protection of woodland caribou in northern Quebec. It establishes more than 9,000 square kilometres in new protected areas where no forestry…
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Thirteen Storey Timber Tower: Québec
Read more: Thirteen Storey Timber Tower: QuébecQuébec City’s Pointe-aux-Lievres eco-district is getting a 13-storey tower constructed mostly of cross laminated timber (CLT), with 12 storeys of apartments on top of a concrete podium, according to the Deccan Herald July 10. The condominium building, designed by Yvan Blouin, is being marketed as Origine.Origine is being built by Nordic Structures, who are of…
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Oregon Timber Harvest: 2014
Read more: Oregon Timber Harvest: 2014Oregon’s timber harvest decreased slightly last year, ending a four-year run of gains that began after the Great Recession, the state Department of Forestry said Wednesday. The 4.13 billion board feet harvested in 2014 represents a 1.7 per cent decline from the year before. It was, however, the second consecutive year of more than 4…
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Sawmill Fires
Read more: Sawmill FiresFire crews in Maple Ridge, BC, Friday morning knocked down an early morning fire at the Southcoast Reman lumber mill. Flames, sparks and smoke could be seen spitting out of a conveyor belt leading to the dust collection equipment. Maple Ridge firefighters used a ladder-mounted hose to extinguish most of the flames from above. As…
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North America Timber Update and Forecast
Read more: North America Timber Update and ForecastThe latest data and analyses for North America timber usage is contradictory enough without a constantly changing landscape subject to politics and evolving title rights. Please see Page 7 for what happened in Québec this week with First Nations resource rights. Conference Board of Canada Otherwise, the Conference Board of Canada this week released a…
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North America Log and Lumber Markets
Read more: North America Log and Lumber MarketsA spurt of talk in the past few days about lumber market recovery / not yet recovery prompted Madison’s to do a Round Up Update for North American log and lumber data: Said the Vancouver Sun Tuesday, “The key commodity price for 1,000 board feet of western spruce, pine or fir 2X4s, as reported by…
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Canada Housing Starts: June 2015
Read more: Canada Housing Starts: June 2015Canada’s June housing starts rose more than expected from May to an 11-month high. The seasonally adjusted annualized rate of housing starts rose to 202,818 in June, compared to the downwardly revised 196,981 units in May, according to the Canadian Mortgage and Housing Corporation Thursday. Home Building and Permits, Canada Urban starts largely drove the…
