North American Railway Difficulties

North American Railway Difficulties

Yet another transportation issue bombshell hit the North American forest industry last week in the form of a potential looming labour disruption in Canada. Wednesday reported the Manitoba Co-operator that members of the Teamsters and IBEW (International Brotherhood of Electrical Workers) unions were set to strike CP Rail April 21, but postponed it until union members could vote on CP’s final offer. North American Transportation Bottlenecks: 2017 – 18 Members of the Teamsters and IBEW (International Brotherhood of Electrical Workers)…

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Terrace, BC, To Get Wood Pellet Plant

Terrace, BC, To Get Wood Pellet Plant

A Terrace-based pellet plant may soon become a reality as Skeena Sawmills moves forward on its plans to begin construction this summer, said the Terrace Standard Tuesday. The northern British Columbia mill is reserving its official announcement on the estimated $20-million pellet plant until construction starts, but operations vice-president Roger Keery has confirmed the project is going ahead. Employing 10-15 people, the Terrace plant will be run as a separate company called Skeena Biofuels. Terrace, BC, Wood Energy Plant Construction…

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US Construction Employment, Job Openings: March 2018

US Construction Employment, Job Openings: March 2018

The count of unfilled jobs in the US construction sector declined in February, but remains higher than a year ago. According to the latest BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs came in at 196,000 in February. The post-recession high count of open, unfilled construction jobs was 255,000 in July of last year. The number of open construction sector jobs was 169,000 a year ago. The new NAHB estimates…

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Get Accurate Data for Your Forestry Investment Needs Every Week …

Get Accurate Data for Your Forestry Investment Needs Every Week …

THE PLOT THICKENS …. both publications competitive to Madison’s Lumber Reporter have now adjusted their Western Spruce Pine Fir KD 2×4 R/L dimension framing construction softwood lumber prices to match what we said all along. Continue below to read more: Nothing beats the value of accurate data …. don’t go with the wrong guys, go with the right guys. Madison’s Lumber Reporter is the only source PROVEN to be completely unbiased and uninfluenced when printing North American softwood lumber and…

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US Housing Starts, Construction Permits: March 2018

US Housing Starts, Construction Permits: March 2018

An encouraging headline Wednesday by NAHB Eye on Housing, “Most US States Record YTD Single-Family Permits Growth in February 2018” provides only more evidence that US home building and real estate business have come roaring back since the US housing starts crash of September 2006. Over the first two months of 2018, the total number of single-family permits issued nationwide reached 123,871, said the US Census Bureau’s quarterly Survey of Construction. On a year-over-year basis, this is an +11.2% increase…

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US Home Building and Selling Improves Further as Softwood Lumber Prices Continue Rising

US Home Building and Selling Improves Further as Softwood Lumber Prices Continue Rising

In it’s quarterly report the US Census Bureau’s quarterly Survey of Construction detailed that over the first two months of 2018, the total number of single-family permits issued nationwide reached 123,871. On a year-over-year basis, this is an +11.2% increase over the February 2017 level of 111,356 single-family permits. The results from the SOC are similar, single-family permits over the second month of 2018 was, 122,800 which is +10.2% ahead of its level over the same period of 2017, 111,400….

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US Construction Materials Prices: March 2018

US Construction Materials Prices: March 2018

Building materials prices in the US continued to climb in March, according to the latest Producer Price Index release by the US Bureau of Labor Statistics Tuesday. OSB-led price increases, up +9.3% since February, while the indexes for ready-mix concrete (+3.3%), softwood lumber (+2.2%), structural steel (+2.0%), and gypsum products (+1.1%) also moved higher. US Construction Materials Prices The +9.3% increase in OSB prices follows February’s +3.1% gain and is the largest monthly climb since October 2017 (+14.1%), said the US Bureau…

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Full Year 2017 North America Forest Industry Data Out Now

Full Year 2017 North America Forest Industry Data Out Now

Just last week the US Census, Statistics Canada, and Industry Canada have updated data for Canadian and US lumber and log sales and export, and Canadian softwood lumber production and sales. Most of the insight to emerge from this latest data is as expected, but one thing which seems to have slipped past most observers — except of course your weekly Madison’s Lumber Reporter, which started pointing this out halfway through 2017 — is that exports of US southern yellow…

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US Residential Construction Spending: Feb 2018

US Residential Construction Spending: Feb 2018

NAHB analysis of Census Construction Spending data, released Monday, shows that total private residential construction spending in the US stood at a seasonally adjusted annual rate of US$533 billion in February, a gain of 0.1% from the upwardly revised estimate of January. Over the past 12 months, total private residential construction spending was up 5.5%. The monthly gains are largely attributed to the large increase in single-family and multifamily construction spending. Single-family construction spending increased 0.9% after advancing at the…

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US Construction Self-Employment Rates: Full Year 2016

US Construction Self-Employment Rates: Full Year 2016

According to the 2016 ACS, released Thursday, over 23% of construction workers are self-employed, while an economy-wide average does not reach 10% of the employed labor force. The high self-employment rates in construction reflect a common practice of builders and remodellers to maintain relatively small payrolls and rely on subcontractors for a large share of the construction work. The construction industry has been adding payroll jobs since 2011, while the number of self-employed construction workers continued dwindling until 2015. Consequently,…

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