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  • Sawmill Fire

    A fire was reported Wednesday in one of the storage buildings at Cottles Island Lumber Company on Cottles Island, near Summerford, NL. Fire fighters from Summerford and Twillingate were still on scene Thursday. By the time firefighters reached the burning warehouse after being alerted by a passing motorist, it was entirely engulfed, said fire chief…

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    Madison’s Lumber Reporter

  • Forest Product Manufacturing, Sales, Export Data

    The latest round of data releases for January and February, out this week from Statistics Canada and Industry Canada, are shaping up to tell a great story for the next issue of Madison’s Forest Pulse (to be emailed May 4). Also the Western Wood Products Association’s most recent issue of Lumber Track, out Thursday, provides…

    Read more: Forest Product Manufacturing, Sales, Export Data

    Madison’s Lumber Reporter

  • Edgewood Invests in Carrot River

    The sawmill in Carrot River, SK, is getting an upgrade that its owner says will create 50 new jobs, according to CBC Thursday. Edgewood Forest Products said it will spend $25 million to replace existing equipment. The company said the new equipment will expand operations and reduce log-processing costs. The equipment is expected to be…

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    Madison’s Lumber Reporter

  • House Prices Up 5 Per Cent

    The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent. Elsewhere, on a…

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    Madison’s Lumber Reporter

  • US Purchasing Managers Index, Canada Producer Price Index

    March data pointed to a positive month for U.S. manufacturing business conditions, with momentum building again after a slowdown at the turn of the year, said Markit Wednesday. This was highlighted by stronger rates of output and new business growth, alongside sustained job creation during the latest survey period. New export sales remained a source…

    Read more: US Purchasing Managers Index, Canada Producer Price Index

    Madison’s Lumber Reporter

  • Montana to Log Timber

    A logging project in the Bitterroot, MT, will provide nearly six million board feet of timber for state mills, the US Forest Service said Thursday.   Montana Logging A logging project in the Bitterroot will provide nearly 6 million board feet of timber for state mills. The Stevensville Ranger District is closing Forest Road #428…

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    Madison’s Lumber Reporter

  • US Residential Construction Spending

    National Association of Home Builders analysis finds that over the last year, the pace of private single-family construction spending increased 9.7 per cent and multifamily construction spending increased 31.5 per cent For the month of February, the annual rate of single-family construction spending was US$203.9 billion, down 1.4 per cent from January. The February rate…

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    Madison’s Lumber Reporter

  • Canada and US Trade Data: 1Q 2015

    Export Development Canada’s annual report, released Wednesday, shows Canadian exports rose 5.7 per cent in 2014 over 2013, with 7,400 companies and investors tying into EDC services. The agency’s customer base increased 3.7 per cent over the same period. Elsewhere, Canada’s merchandise trade deficit narrowed in February as prices for exported energy recovered from the…

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    Madison’s Lumber Reporter

  • US Existing Home Sales: February 2015

    Existing home sales in the US increased 1.2 per cent in February, and the share of sales for first-time buyers registered its first gain since last November. The National Association of Realtors (NAR) reported February 2015 total existing home sales at a seasonally adjusted rate of 4.88 million units combined, up from 4.82 million units…

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    Madison’s Lumber Reporter

  • BC Government Announcements

    The British Columbia Ministry of Forests, Lands and Natural Resource Operations this week announced changes to BC forestry legislation intended to enhance the effectiveness of BC Timber Sales. Proposed amendments to the Forest Act will enable holders of pulpwood agreements to sell or transfer their agreements.   BC Timber Sales Changes Amendments to forestry legislation…

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    Madison’s Lumber Reporter

  • US Home Sales, Prices

    Builders in the US signed contracts on more homes last month than any time since early 2008, according to figures released by the Census Bureau and HUD. February seasonally adjusted annual new home sales topped out at a 539,000 annual pace, up 7.8 per cent from a healthy 500,000 rate in January. In percentage terms,…

    Read more: US Home Sales, Prices

    Madison’s Lumber Reporter

  • Oregon Timberlands. Timber Access, and Timber Revenue

    FULL STORY HERE: http://www.oregonlive.com/mapes/index.ssf/2015/03/aid_to_timber-dependent_oregon.html Federal aid that has provided a financial lifeline for timber-dependent counties in Oregon may soon start flowing again after a key congressional deal was announced Tuesday. House Republican and Democratic leaders agreed to include the timber aid – which will pump about US$100 million a year into the economy in mostly…

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    Madison’s Lumber Reporter

  • Central Newfoundland Timber Resources for Sale

    The Government of Newfoundland said this week negotiations are still ongoing with a California-based company interested in timber resources in central Newfoundland, according to VOCM radio Wednesday. Rentech is looking to produce wood pellets in Canada; it already has access to wood resources in Ontario. Up for grabs is the 280,000 cubic metres of wood…

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    Madison’s Lumber Reporter

  • Habitat Fragmentation: Global Forest Cover

    A new study out of North Carolina State University gives a stark view of the dwindling size of forests globally. The analysis of global forest cover revealed that 70 per cent of remaining forest is within 1 kilometre of the forest’s edge, subject to the degrading effects of fragmentation. A synthesis of fragmentation experiments spanning…

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    Madison’s Lumber Reporter

  • US Rental Apartment Absorption Rates: 3Q 2014

    Absorption completions continued to rise during 3Q 2014. While for-rent apartment absorption rates remained strong at the end of 2014, there was a drop in short-term absorptions for the condominium and co-op market According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of…

    Read more: US Rental Apartment Absorption Rates: 3Q 2014

    Madison’s Lumber Reporter