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Japan Wood Demand Projection 2017
Japan’s Forestry Agency projected the country’s wood supply of structural laminated lumber for 2017 is up +5.2 per cent, and that of plywood is up +3.2 per cent compared to the previous year, said Japan Lumber Reports Friday. New housing starts in Japan are forecast by eleven private think tanks based on GDP for 1Q…
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US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017
According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q…
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British Columbia Lumber Exports: May 2017
Paul Ferley, assistant chief economist of the Royal Bank of Canada said at a briefing on the outlook for the US and Canadian economies and the impact of China, July 20 in Markham, ON. The top Canadian exports to China are resource-based goods such as pulp, paper and paperboard, seeds and beans, wood and wood…
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PwC Global Forest, Paper, & Packaging Deals: 1Q 2017
Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately…
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US Apartment Market Tightness Index: 2Q 2017
All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still…
