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US Home Sales, Housing Inventory: March & April 2018
US pending home sales fell 1.3% to a reading of 106.4 in April, the National Association of Realtors said Thursday. NAR’s index of pending home sales hit a three-month low in April. The index tracks real-estate transactions in which a contract has been signed, but the transaction hasn’t closed. Meanwhile, in April, existing home sales…
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Canada Puts Duties on US Wood Products Imports
**edited headline to read “Wood Products” not “Softwood Lumber” As if this uncharted new territory of the current North American lumber market and prices wasn’t confusing enough, Thursday Canada put duties on a wide range of US imports, including some wood products. Canada intends to impose surtaxes or similar trade-restrictive countermeasures against up to C$16.6…
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Sawmill Fatality
A worker was found pinned between a wood loader and a bundle of wood at the Rayonier Advanced Materials’ Chapleau, ON, facility, said Northern Ontario Business Monday. Two Ministry of Labour inspectors attended the scene. The industrial plant employs 150 people in Chapleau. “Rayonier Advanced Materials family suffered a tragic loss today at its Chapleau…
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British Columbia Post-2017 Wildfire Update
Further to our story last week https://madisonsreport.com/2018/05/24/british-columbia-log-and-timber-supply-update/ which detailed the latest data of timber loss for British Columbia following the terrible wildfires of 2017, this week Madison’s talked to wildfire ecologist Robert Gray for what turned out to be a rather gruesome update. Right now wildfire fighters in BC are battling a large numbers of…
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Unrecognizable Softwood Lumber Market Has Players Stymied
As Canadians came back to work after the Victoria Day long weekend and Americans got ready for their Memorial Day long weekend, actual purchasing of North American softwood lumber products slowed last week. For producers, the only interest was in selling wood currently on-hand rather than booking sales to extend their already-plump sawmill order files.…
