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PwC Global Forest, Paper, & Packaging Deals: 1Q 2017
Read more: PwC Global Forest, Paper, & Packaging Deals: 1Q 2017Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately…
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US Housing Starts, Home Prices: June 2017
Read more: US Housing Starts, Home Prices: June 2017Residential construction in the US ended 2Q 2017 on a stronger note as ground-breaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday. Housing starts in June jumped 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since…
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US Apartment Market Tightness Index: 2Q 2017
Read more: US Apartment Market Tightness Index: 2Q 2017All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still…
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British Columbia Wildfires 2017
Read more: British Columbia Wildfires 2017INITIALLY PUBLISHED IN Madison’s Lumber Reporter July 14, 2017: Weather experts in western Canada have deemed wildfire season in British Columbia this year as “hazard index high” explained wildfire ecologist Robert Gray to Madison’s Thursday in a phone interview. The weather service expects this hot, dry weather pattern will likely hold for 10 – 12…
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Canada New Housing Price Index: May 2017
Read more: Canada New Housing Price Index: May 2017Toronto, ON, and Vancouver, BC, were largely responsible for a 0.7 per cent monthly rise in new house prices in Canada in May, said Statistics Canada Thursday. Toronto was the largest contributor to the national gain, rising 1.1 per cent from April to May. Builders linked higher prices to market conditions, a shortage of developed…
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US Home Builders Report Lumber Shortages: May 2017
Read more: US Home Builders Report Lumber Shortages: May 2017According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, out Tuesday, the availability of building materials, especially framing lumber, significantly jumped on the list of homebuilder concerns, revealing that 21 per cent of single-family builder respondents reported a shortage of framing lumber. US LUMBER SHORTAGES: MAY 2017 This is a striking…
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Canada Lumber Production: April 2017
Read more: Canada Lumber Production: April 2017Lumber production in Canada was down 7.1 per cent from March, to 5,778.2 thousand cubic metres of lumber in April, according to Statistics Canada July 7. Production was 1.8 per cent lower than in April 2016. Sawmills shipped 5,886.6 thousand cubic metres of lumber in April 2017, up 0.8 per cent from March and 4.1…
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US Residential Construction Spending and Investment: May and 1Q 2017
Read more: US Residential Construction Spending and Investment: May and 1Q 2017National Association of Home Builders analysis of Census Construction Spending Wednesday data shows that total private residential construction spending in the US fell -0.6 per cent in May, the first decline after a strong start this year and the largest one since June 2014. Elsewhere, final estimates of 1Q 2017 GDP growth (revised up two-tenths…
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Canada Building permits: May 2017
Read more: Canada Building permits: May 2017Canadian municipalities issued $7.7 billion worth of building permits in May, up +8.9 per cent from April and the third highest value on record, according to Statistics Canada Thursday. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of…
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Update of Friday’s Softwood Lumber Rumours: More Rumours
Read more: Update of Friday’s Softwood Lumber Rumours: More RumoursA very good source to Madison’s in Québec has stated this morning that: “ U.S. Commerce Secretary Wilbur Ross and the US side proposed, in their latest discussions with Canada’s Foreign Minister Chrystia Freeland – source in the Canadian industry that spoke with Chrystia Freeland’s office Friday. A source close to the US Lumber Coalition…
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Credible rumours of Tentative Softwood Lumber deal: Canada-US
Read more: Credible rumours of Tentative Softwood Lumber deal: Canada-USA reliable source in Ottawa has conveyed that, although not signed, and subject to further negotiations, Canada’s Christina Freeland and the U.S.’ Wilbur Ross “shook hands” on a ten year Canada – U.S. Softwood Lumber Agreement. The SLA would terminate the present Canadian Softwood Lumber AD/CVD case, and be replaced with volume restrictions in the…
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Canada Railway Carloadings: April 2017
Read more: Canada Railway Carloadings: April 2017The volume of rail freight carried in Canada totalled 31.4 million tonnes in April, up 11.3 per cent from the same month last year, according to Statistics Canada Wednesday. Freight originating in Canada increased 10.6 per cent in April from the same month a year earlier, to 28.3 million tonnes. Non-intermodal freight increased 8.5 per…
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US House Prices, Pending Home Sales: April & May 17
Read more: US House Prices, Pending Home Sales: April & May 17The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) Tuesday released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. US House Prices, Pending Home Sales: April & May 17 The Case-Shiller US National Home Price Index, reported by S&P…
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Canada Residential Construction: April 2017
Read more: Canada Residential Construction: April 2017New housing construction investment totalled $4.6 billion in April, up 8.4 per cent compared with April 2016, said Statistics Canada also Thursday. Eight provinces posted gains, led by Ontario. Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted…
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US New and Existing Home Sales, Inventory: May 2017
Read more: US New and Existing Home Sales, Inventory: May 2017Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace…
