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US Housing Starts: April 2015
Read more: US Housing Starts: April 2015US housing starts jumped to their highest level in nearly 7-1/2 years in April and building permits soared. Groundbreaking surged 20.2 per cent to a seasonally adjusted annual pace of 1.14 million units, the highest since November 2007, the Commerce Department said Tuesday. The per cent increase was the biggest since February 1991. Adding to…
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Canada Wholesale Trade
Read more: Canada Wholesale TradeWholesale sales rose 0.8 per cent to $53.9 billion in March after two consecutive monthly declines, said Statistics Canada Wednesday. Higher sales were recorded in five of seven subsectors, accounting for 66 per cent of total wholesale sales. In volume terms, wholesale sales increased 1.0 per cent. Following two consecutive monthly declines, the building material…
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Madison’s Lumber Reporter sample issue *new*
Read more: Madison’s Lumber Reporter sample issue *new*Get the View on North American Lumber Markets Download a *FREE* Sample Issue from our archives. Madison’s Lumber Reporter 05/15/15 Take a look at this week’s Key Prices from Madison’s Canadian Lumber Reporter. Sign Up Now: E-mail or Fax: C$$99.95 per quarter. Just call our office 604 319-2266 with a credit card to start receiving…
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Madison’s Lumber Reporter sample issue *new*
Read more: Madison’s Lumber Reporter sample issue *new*Get the View on North American Lumber Markets Download a *FREE* Sample Issue from our archives. Madison’s Lumber Reporter 05/15/15 Take a look at this week’s Key Prices from Madison’s Canadian Lumber Reporter. Sign Up Now: E-mail or Fax: C$$99.95 per quarter. Just call our office 604 319-2266 with a credit card to start receiving…
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Western Canada Wildfires
Read more: Western Canada WildfiresCrews from British Columbia’s wildfire management branch are battling a second blaze in the Central Interior. They have been called to a lightning-caused fire about 80 kilometres northwest of Quesnel, BC, near Pelican Lake. It was estimated at about 250 hectares in size as of Thursday morning, according to the Prince George Citizen Friday. Meanwhile,…
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US Industrial Production: March 2015
Read more: US Industrial Production: March 2015Industrial production in the US decreased 0.3 per cent in April for its fifth consecutive monthly loss. Manufacturing output was unchanged in April after recording an upwardly revised gain of 0.3 per cent in March. In April, the index for mining moved down 0.8 per cent, its fourth consecutive monthly decrease; a sharp fall in…
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Canada Manufacturing Sales: March 2015
Read more: Canada Manufacturing Sales: March 2015Manufacturing sales in Canada rose 2.9 per cent to $51 billion in March, the second increase in six months. An increase in the production of aerospace products and parts coupled with gains in the motor vehicle industry generated higher sales for the month. Partially offsetting the advance was a drop in sales of fabricated metal…
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US All-Cash Home Sales: February 2015
Read more: US All-Cash Home Sales: February 2015According to CoreLogic Wednesday, cash sales of US homes made up 37.9 per cent of total sales nationally in February 2015, down from 40.6 per cent in February 2014. February is the 26th consecutive month of declines. Home Sales, US Month over month, the share of all-cash home sales fell by 1 percentage point, said…
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Japan Housing Starts: March 2015
Read more: Japan Housing Starts: March 2015Japan’s housing starts in March were 69,887 units (up 0.7 per cent from the same month in the previous year), surpassing the previous year’s results for the first time in 13 months. The seasonally-adjusted annual rate was 920,000 units (up 1.7 per cent from the previous month), said Japan Lumber Journal and Japan Lumber Reports,…
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Housing Starts, Canada: April 2015
Read more: Housing Starts, Canada: April 2015The Canadian Mortgage and Housing Corp reported May 8 that the seasonally adjusted annualized rate of housing starts fell to 181,814 in April from a downwardly revised 189,546 units in March. Canada Housing Starts In Canada, condo starts slipped 14.2 per cent to 107,216, said the CMHC. Single-detached starts rose 11.4 per cent to 58,229.…
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Forestry Week 2015: Vancouver
Read more: Forestry Week 2015: VancouverLast week the Pulp and Paper Products Council and PwC held their annual forestry conferences in Vancouver, BC. As always the events were jam-packed with great speakers providing up-to-the minute information on the latest developments with the forest products industry in North America and internationally. Numerous networking sessions gave the over-capacity crowd a chance to…
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US Architecture Billings Index: March 2015
Read more: US Architecture Billings Index: March 2015For the second consecutive month, the US Architecture Billings Index (ABI) has indicated a “modest increase” in design activity in March. The American Institute of Architects (AIA) reported the March ABI score was 51.7, up from a mark of 50.4 in February. The new projects inquiry index was 58.2, up from a reading of 56.6…
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Canada Housing Permits: March 2015
Read more: Canada Housing Permits: March 2015The total value of Canadian building permits rose 11.6 per cent from a month earlier to $6.9 billion in March, said Statistics Canada Thursday. This was the first increase in three months. Higher construction intentions for non-residential buildings in British Columbia and Alberta and for multi-family dwellings in Ontario and British Columbia were responsible for…
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US REO Inventory
Read more: US REO InventoryFrannie Mae’s statement Friday on 1Q 2015 US REO inventory, “We continue to experience disproportionately higher credit losses and serious delinquency rates from single-family loans originated in 2005 through 2008 than from loans originated in other years. Single-family loans originated in 2005 through 2008 constituted 12 per cent of our single-family book of business as…
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North American Forest Company News
Read more: North American Forest Company NewsThis was Forestry Week in Vancouver, BC, with the Pulp and Paper Products Council and PwC holding their annual forestry conferences. Madison’s will provide coverage and updates on the sessions and conference topics in a future issue. Meanwhile there was plenty of breaking news about North American softwood lumber production; including downtime, curtailments, earnings reports,…
