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US New and Existing Home Sales: May
Read more: US New and Existing Home Sales: MayNew single-family home sales in the US reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development released Tuesday, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6 per cent over a…
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Oregon Timber and Land Management Update
Read more: Oregon Timber and Land Management UpdateEarlier this year, authorities followed a pickup truck to a warehouse in Philomath, OR, and seized more than 13,000 pounds of salal, a leafy Northwest plant prized for its shelf life in floral arrangements. It is shipped to the East Coast and even to Europe, and the black-market operation was an example of the wealth…
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Canadian Industrial Product and Raw Materials Prices: May
Read more: Canadian Industrial Product and Raw Materials Prices: MayThe Industrial Product Price Index (IPPI) was down 0.5 per cent in May, mainly due to lower prices for energy and petroleum products, said Statistics Canada Friday. The Raw Materials Price Index (RMPI) declined 0.4 per cent, after edging up 0.1 per cent in April, mostly as a result of lower prices for animals and…
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Canada Sawmill Production: April
Read more: Canada Sawmill Production: AprilLumber production by Canadian sawmills increased 1.4 per cent in April from March, to 5,255.9 thousand cubic metres, according to Statistics Canada Friday. Compared with April 2013, lumber production declined by 2.9 per cent. Sawmills shipped 4,970.2 thousand cubic metres of lumber in April, up 13.4 per cent from March.
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Wood Pellet Production and Demand Globally
Read more: Wood Pellet Production and Demand GloballyRecent reports from the US Energy Information Administration and the World Bioenergy Association show bioenergy production and wood pellet demand in Europe are rising sharply. As well, this week the USDA bioenergy program announced US$14.5 million in funding available through the 2014 Farm Bill. Also, an international bioenergy conference in Prince George, BC, last week…
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US Housing Starts
Read more: US Housing StartsHousing starts in the US fell 6.5 per cent in May to a seasonally adjusted annual pace of 1.001 million, the Commerce Department said Tuesday. That marked the first decline in four months. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9 per cent, while multifamily fell 7.6 per…
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China Purchasing Managers Index
Read more: China Purchasing Managers IndexIn May 2014, China’s purchasing managers index (PMI) for the manufacturing was released by the National Bureau of Statistics. The May PMI for the sector stood at 50.8, 0.4 points higher than in April. The May figure consolidated the growth trend for three consecutive months. In terms of size of enterprises, the PMI for large-sized…
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Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stock
Read more: Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stockJune 20, 2014 MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Near-panic among North America’s lumber and panel traders was narrowly averted this week as customers came in heavily to buy solid volumes of wood and the previously-tanking futures board reversed direction absolutely, wrote Keta Kosman in Madison’s Lumber Reporter…
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Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stock
Read more: Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stockJune 20, 2014 MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Near-panic among North America’s lumber and panel traders was narrowly averted this week as customers came in heavily to buy solid volumes of wood and the previously-tanking futures board reversed direction absolutely, wrote Keta Kosman in Madison’s Lumber Reporter…
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Urban Tree Value
Read more: Urban Tree ValueA report out this week by TD Bank valuing the trees in the City of Toronto, in Ontario, at $7 billion adds an interesting perspective to the business of assessing timber stand value. For wood products manufacturers, it has traditionally been the logs — so naturally the trees — most conducive to making dimension lumber…
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Sierra Pacific WA Sawmill Announcement
Read more: Sierra Pacific WA Sawmill AnnouncementSierra Pacific Industries, the second-largest lumber producer in America, is assembling a site at Frederickson in southern Pierce County, WA, to build a major new sawmill that could employ as many as 200 workers. The company is in the “due diligence phase” of this project, and is investigating the potential benefits and detriments of the…
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Former Skeena Pulp Mill Site Fined
Read more: Former Skeena Pulp Mill Site FinedThe City of Prince Rupert has been fined $50,000 by Environment Canada for the illegal discharge of chemicals into the ocean from the old Skeena Cellulose pulp mill. The city pleaded guilty last week to violating the Fisheries Act. More than three years ago a toxic product from the pulp-making process was spilled from the…
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Sawmill Fires
Read more: Sawmill FiresKansas City, MI, firefighters responded to a two-alarm fire at an old lumber company Thursday evening. The fire broke out in the 1300 block of East 31st Street in an area filled with old pallets. Firefighters said they called for an additional alarm because the pallets had the potential of becoming a much bigger fire,…
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Apartment Absorption Rates, US
Read more: Apartment Absorption Rates, USAbsorption rates for new rental and for-sale multifamily homes in America were roughly unchanged at the start of 2014, according to National Association of Home Builders (NAHB) analysis of data Monday. Completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units were up during 2013. A total of 132,600 such…
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Japan Housing Starts
Read more: Japan Housing StartsTotal housing starts in Japan for April were 75,286 units, a 3.3 per cent drop from one year ago, and representing two months’ decline, according to Japan Lumber Reports. This is a slight improvement over March starts of 69,111, and brings seasonally-adjusted annual starts to 906,000. Housing Starts, Japan New construction of owners’ units in…
