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Tag: #Construction #Framing #North #American #Softwood #Lumber

Tall Mass Timber Code Proposals Pass

Tall Mass Timber Code Proposals Pass

On Wednesday, October 24, all 14 proposals from the Ad Hoc Committee on Tall Wood Buildings were approved by large margins at the International Code Council (ICC) public comment hearings in Richmond, VA. The Softwood Lumber Board (SLB) commends the American Wood Council (AWC) and its effort in this specially funded initiative by the SLB, the AWC, and the U.S. Endowment for Forestry and Communities. Mass timber includes any product currently permitted for use in Type IV construction, such as…

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British Columbia South Lumber Workers Join North Strike; Canfor Curtails

British Columbia South Lumber Workers Join North Strike; Canfor Curtails

Employees represented by United Steelworkers 1-2017 joined those negotiating in the north with employer group CONIFER last week, by walking off the job Friday morning in Williams Lake, BC, at Tolko’s Soda Creek Division and West Fraser’s Planer, said My Prince George Now. For background info please read: Northern British Columbia Sawmill Workers on Strike: Oct 25, 2018 This new rotating strike in Williams Lake affects more than 200 workers. Talks are scheduled between USW and Interior Forest Labour Relations…

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US Construction Spending: September 2018

US Construction Spending: September 2018

A very good indicator of current construction activity, thus future lumber prices, is US construction spending. New data out this week from the US Commerce Department shows construction spending flat in September 2018 after a 0.8 per cent rise in August, said the New York Times Thursday. Spending on US construction projects was essentially unchanged in September, the weakest showing since June, as an increase in home construction was offset by a slide in spending on government projects. The strength last…

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Negotiations between Conifer and the United Steelworkers Union …

Negotiations between Conifer and the United Steelworkers Union …

Further to Madison’s story yesterday about the south interior of British Columbia issuing a 72-hour strike notice United Steelworkers Issue 72-hour Strike Notice to IFLRA This morning comes word that Negotiations between Conifer and the United Steelworkers Union representing sawmill workers across Northern BC have cooled for the time being, said My Prince George Now. However, the action is starting to heat up further south according to 1 – 2017 Local President Brian O’Rourke. “The three mills in the southern…

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United Steelworkers Issue 72-hour Strike Notice to IFLRA

United Steelworkers Issue 72-hour Strike Notice to IFLRA

*** BREAKING NEWS *** The United Steelworkers have issued 72-hour strike notice to Interior Forest Labour Relations Association, the employer bargaining group for the south interior of British Columbia. Last week there was rotating strikes in the north interior of British Columbia, which affected several sawmill operators. Picket lines went up outside Canfor’s Prince George sawmill and chip plant last week Thursday morning, and in Williams Lake last week at Tolko’s Lakeview division. Madison’s will report more as it happens….

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US Home Price Appreciation and Price-to-Rent Ratio: August 2018

US Home Price Appreciation and Price-to-Rent Ratio: August 2018

Nationally, home price appreciation continued in August. Based on a seasonally adjusted annual growth rate, home prices in Seattle, New York and San Diego declined faster in August than in July. Home prices in New York has decreased for the fifth consecutive month. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 7.2% in August, following an unusual 0.5% annual rate in July. On a…

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US Housing and Macroeconomy

US Housing and Macroeconomy

The latest data on US housing starts and home building has provided some insight into the current state of this very important sector for the general US economy. As one of the most important inputs into new home building costs, North American softwood lumber prices are an excellent indicator of near- and mid-term expectations for US construction activity. Wrote Bill McBride on Calculated Risk October 24: “For the economy, what we should be focused on are single family starts and…

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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Oct 29, 2018

Current Softwood Lumber Prices Compared to Recent and Historical Highs: Oct 29, 2018

Circumstances for North America softwood lumber and panel production and sales changed dramatically since summer. To say it was a complete reversal is not an overstatement. Since Labour Day, the supply-demand balance tilted completely in favour of customers; as sawmills were replete with both lumber inventory and log supply, while order files were a scant few days. By Canadian Thanksgiving North American lumber manufacturers were looking at scaling back operations. Murmurs of seasonal curtailments abounded. In mid-October there unfortunately erupted…

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US Pending Home Sales, Mortgage Delinquency Rates: Sept 2018

US Pending Home Sales, Mortgage Delinquency Rates: Sept 2018

Pending home sales in the US increased in September, but have decreased on an annual basis for nine consecutive months, said the National Association of Home Builders Friday. The Pending Home Sales Index increased 0.5% in September, but remains down 1.0% year-over-year. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased to 104.6 in September, from 104.1 in August.   Existing sales and new…

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Northern British Columbia Sawmill Workers on Strike: Oct 25, 2018

Northern British Columbia Sawmill Workers on Strike: Oct 25, 2018

 *** BREAKING NEWS: JOB ACTION IN NORTHERN BC *** As explained by Madison’s Lumber Reporter last week, northern British Columbia sawmill workers currently negotiating a contract are in a position to start job action. That step happened today …. Prince George, BC, sawmill workers started their picket lines bright and early this morning according to one of its members, said My Prince George Now Thursday morning. Picket lines have gone up outside Canfor’s Prince George sawmill and chip plant, said…

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