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Japan Housing Starts: December 2017
According to a report released by Japan’s Ministry of Land, Infrastructure, Transport and Tourism on January 31st, Japan’s housing starts in December 2017 were 76,751 units (down -2.1 per cent from the same month in the previous year), falling below the previous year’s results for six consecutive months, according to the Japan Lumber Journal Thursday.…
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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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NAHB 2018 International Builders’ Show®: January 2018
For the three days of the annual National Association of Home Builders 2018 International Builders’ Show® (IBS) last week, building industry professionals from across the globe discovered a variety of products and innovative concepts that are sure to enhance their businesses moving forward. For all of 2017, the US construction industry added 210,000 jobs, a…
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Williams Lake, BC, Sawmill Post-Fire Rebuild
Work is underway at Tolko Industries’ Lakeview Division in Williams Lake, BC, where the sawmill building was damaged by fire at the beginning of November. The Tolko board has approved the sawmill’s reconstruction, said Tom Hoffman, Tolko’s manager of external and stakeholder relations to the Quesnel Observer Tuesday. Williams Lake Sawmill Rebuild Tolko’s manager of…
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US Trade Entanglements
Madison’s has word from US Customs Brokers working the border that — upon requesting clarification from Customs and the DoC — it seems that, at least for now, shake and shingles are also captured in the highly punitive US softwood lumber CV and AD duties. As the bizarre US newsprint trade claim against Canada last…
