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North America’s Forest Products Industry, A Look Forward: 2018
The US National Association of Home Builders has released full-year 2017 data for US single- and multi-family home building, and remodelling. The numbers are shaping up to show a very glowing picture indeed, of the next two years likely, for the main customers of US and Canadian solid wood construction framing dimension lumber products. NAHB…
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Single Family Homes Are 1/3 of US Rentals
The 2016 American Community Survey shows that renters occupied 43.8 million residences in 2016, explained the US National Association of Home Builders Tuesday. Of these rental homes, 34.8 per cent are one-unit single-family homes, 17.7 per cent are 2-4 unit structures. Therefore, more than half of all renters, approximately 53 per cent, lived in buildings…
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Lumber Prices on a Runaway as Supply Continues Tenuous
A runaway lumber sales market surprised even Madison’s last week as Friday morning lumber futures on the Chicago Mercantile Exchange were cresting toward up-limit on the March contract, wavering at $480 but on small volumes. Actual support for lumber prices is definitely coming from the cash market, where under- stocked customers just keep coming back…
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US Housing Starts: December 2017
Total housing starts in the US declined in December after strong readings for prior months due to weather-related delay effects in autumn. Total starts decreased 8 per cent to a 1.19 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Nonetheless, over the course of 2017…
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Canada Lumber Production at Sawmills: October 2017
Lumber production rose 6.3 per cent from September to 5,991 thousand cubic metres of lumber in October, said Statistics Canada Wednesday. Production was 1.2 per cent higher than in October 2016. Sawmills shipped 5,884 thousand cubic metres of lumber in October, up 1.1 per cent from September and 0.3 per cent higher than in October…
