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BC Dimension Cedar Producers Hike Prices in Anticipation of Softwood Lumber Duties
Dimension cedar mills in Lower Mainland, British Columbia, pushed their prices up another ten per cent, with plans for further hikes designed to mitigate forthcoming retroactive duties on their US-bound shipments. At least one large producer was “working hard” at getting Western red cedar exempted from the ongoing and embittered US-Canada Softwood Lumber Dispute. In…
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US Construction Outlook 2017: ConstructConnect
In US residential construction, the multi-family homebuilding segment has returned to a level of starts on a par with before the Great Recession, said Alex Car- rick, Chief Economist for ConstructConnect (formerly Reed Construction Data), December 1. Single-family groundbreakings, while considerably better than they were in 2010, are still languishing below their previous ‘norm’. Many…
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US Manufacturing Rates, Producer Prices: 3Q 2016
The Final US Markit Manufacturing PMI increased to 54.1 in November of 2016 from 53.4 in October. As well, producer prices in the United States is expected to be 111.30 Index Points by the end of this quarter, according to Trading Economics. Economic activity in the manufacturing sector expanded in November, and the overall economy…
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Manufacturing Orders, US: October 2016
The flash Markit US PMI manufacturing index, released Wednesday, strengthened to 53.9 for November from 53.4 the previous month. The figure was higher than the consensus forecast of 53.4 and also the highest reading for 13 months. Production increased for the sixth consecutive month and the November reading was the strongest since March 2015. US…
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US Petitions for AD and CVD Investigations of Imports of Softwood Lumber Products from Canada
FACT SHEET Committee Overseeing Action for Lumber International Trade Investigations or Negotiations (“COALITION”) Files Petitions for Antidumping and Countervailing Duty Investigations of Imports of Softwood Lumber Products from Canada On November 25, 2016, the COALITION initiated legal action seeking enforcement of existing U.S. trade laws to offset the harmful effects of imports of Softwood Lumber…
