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Madison’s Forest Pulse: 1Q 2015 — Out Today!!
Read more: Madison’s Forest Pulse: 1Q 2015 — Out Today!!THE LATEST Lumber Production and Export Data: • US sawmill products exports to China by VALUE are down by -17.5% (compared to up +20% for previous quarter), to US$189 million (FAS value), for Jan to Feb 2015. The previous year it was US$229 million. • US sawmill products imports from Canada by VALUE are up…
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US Construction Spending, House Prices
Read more: US Construction Spending, House PricesNational Association of Home Builders analysis of US Census construction spending data found Friday that over the last year, the pace of private single-family construction spending increased 7.8 per cent and multifamily construction spending increased 23.4 per cdent, despite monthly declines for March. For the month, the seasonally adjusted annual rate of single-family construction spending…
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US House Prices
Read more: US House PricesThe S&P/Case-Shiller index of property values increased 5 per cent from February 2014, the biggest year-to-year gain since August, after rising 4.5 per cent in the year ended in January, the group said Tuesday in New York. As well, the Federal Housing Finance Agency (FHFA) Aprill 22 released the House Price Index data for February,…
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Quarterly Results: Forest Products Companies
Read more: Quarterly Results: Forest Products CompaniesNorbord, out of Toronto, ON, Friday reported a loss of US$6 million, or US$0.11 per share, in 1Q 2015 compared to earnings of US$3 million, or US$0.06 per share, in the prior quarter and earnings of US$7 million, or US$0.13 per share, in 1Q 2014. Norbord also announced completion of the merger with Ainsworth, making…
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Simpson Lumber Mill Closes
Read more: Simpson Lumber Mill ClosesSome 270 jobs at Simpson’s mills in Shelton and Dayton, WA, are going away by June 30 as Simpson sells those operations to a Northern California firm, Sierra Pacific Industries, says The Olympian Friday. The Shelton mill could be replaced by a new state-of-the-art mill employing about 150 to 200 people in 2017. Get YOUR…
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Acadian Timber Announces
Read more: Acadian Timber AnnouncesAcadian Timber has announced that longtime chief executive Reid Carter is stepping down at the end of the week. The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday. Bishop has more than 25 years of forest industry experience, including the last…
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US Forest Products Industry: 2015 USDA Report
Read more: US Forest Products Industry: 2015 USDA ReportThis week the US Department of Agriculture, via the US Forest Service Southern Research Station, released it’s report, “The Global Position of the US Forest Products Industry”. The Key Findings for the solid wood manufacturing sector in this latest US Forest Service report are: • the US share of global wood products output peaked in 1998…
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Atikokan Planer Mill Running
Read more: Atikokan Planer Mill RunningThe first board was dressed, trimmed, and graded on April 4 in the planing mill at the new Resolute Forest Products, Sapawe sawmill in Atikokan, ON, according to Atikokan Progress and Printing Wednesday. Rough lumber is being delivered each day from the Ignace, ON, sawmill. Two dry kilns are now operating at the Sapawe site…
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Deltic, West Fraser Report
Read more: Deltic, West Fraser ReportDeltic Timber, based in El Dorado, AR, Monday reported 1Q earnings of US$1.9 million. On a per-share basis, the El Dorado, Arkansas-based company said it had profit of 15 US cents. The lumber company posted revenue of US$48.4 million in the period. West Fraser Timber, out of Vancouver, BC, reported Friday earnings of $49 million,…
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Home Sales, US
Read more: Home Sales, USSales of previously owned US homes rose to the highest level in 18 months in March. Existing-home sales increased 6.1 per cent last month from February to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. That was the highest level since September 2013. At the current sales pace,…
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Sawmill Fires
Read more: Sawmill FiresThe cause of a stubborn fire recently at the Flavelle Sawmill in Port Moody, BC, that took crews more than 12 hours to douse may never be known, Port Moody fire chief Remo Faedo said to the Tri-Cities Now. He noted damage to the planer mill was so severe it’s unsafe to do a complete…
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Madison’s Forest Pulse: 1Q 2015 — Out Friday!!
Read more: Madison’s Forest Pulse: 1Q 2015 — Out Friday!!THE LATEST Lumber Production and Export Data: • US sawmill products exports to China by VALUE are down by -17.5% (compared to up +20% for previous quarter), to US$189 million (FAS value), for Jan to Feb 2015. The previous year it was US$229 million. • US sawmill products imports from Canada by VALUE are up…
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US Lumber Demand, Consumption, and Sawmill Capacity Utilization
Read more: US Lumber Demand, Consumption, and Sawmill Capacity UtilizationA recent article about lumber price correlation with US stock values piqued Madison’s curiosity. While there are excellent insights, the conclusion drawn in inaccurate. That is to say: the data is being interpreted incorrectly. “U.S. Stocks: Timber!” http://seekingalpha.com/article/3095836-u-s-stocks-timber “Since the outbreak of the financial crisis in the summer of 2007 and also in the years…
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US Lumber Demand, Consumption, and Sawmill Capacity Utilization
Read more: US Lumber Demand, Consumption, and Sawmill Capacity UtilizationA recent article about lumber price correlation with US stock values piqued Madison’s curiosity. While there are excellent insights, the conclusion drawn in inaccurate. That is to say: the data is being interpreted incorrectly. “U.S. Stocks: Timber!” http://seekingalpha.com/article/3095836-u-s-stocks-timber “Since the outbreak of the financial crisis in the summer of 2007 and also in the years…
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Transportation Statistics : North America
Read more: Transportation Statistics : North AmericaThe latest data, to February 2015, shows volumes of Canadian and US forestry and wood products transported as stable — if moderately improving — over last year. As subscribers to the quarterly Madison’s Forest Pulse already know, volumes and values of wood products manufactured, shipped, and transported across North America for full-year 2014 were very…
