Tag: RealEstate

  • European Securities Raid of Euromoney’s RISI Offices Over Collusion with Paper Price Fixing

    Madison’s finds it difficult to convey precisely the level of deep shock at the surprise raid of RISI‘s European offices by securities officials in January 2018. The details are very ugly, and shed light on some extremely serious credibility issues: By CPI on January 16, 2018 “In a statement to the markets, Euromoney confirmed that…

  • British Columbia Labour Issues Escalate

    A sudden uncertainty has arisen for the North American forest products industry, in the form of a possible labour disruption in British Columbia. As announced last week by Madison’s, the United Steelworkers issued strike notice which could affect several BC sawmill operations. Workers have been without a contract since July: https://madisonsreport.com/2018/10/04/united-steelworkers-issue-strike-notice-to-northern-british-columbia-sawmills/ Now, the latest news…

  • US Mortgage Rates, Home Foreclosure, House Prices

    Further to our story last week about recent changes in the US housing market, it seems that — as the US real estate market continues to recover from the epic crash of 2006 — currently foreclosed homes are appreciating faster than the typical US home. According to MarketWatch Monday, homes that were foreclosed on during…

  • Current Softwood Lumber Prices Compared to Recent and Historical Highs

    This was a week with a lot of important news coming out: Canada signed the USMCA, which does not mention softwood lumber but does renew the very important Chapter 19 dispute resolution mechanism, the United Steelworkers issued strike notice to northern British Columbia sawmill operators, and the latest news on US home building and sales…

  • United SteelWorkers Issue Strike Notice to Northern British Columbia Sawmills

    A strike would impact Tolko operations in both Quesnel and Williams Lake, as well as the West Fraser planer operation in the Lake City, Dunkley Lumber and other operations in Prince George, Houston, Burns Lake, Fort St. James, Mackenzie and Fort St. John, according to My Cariboo Now Wednesday. The union representing roughly 2,000 forestry…