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US Southern Pine Exports Up 17% in August 2016
Exports of Southern Pine lumber remained at a lofty level in August, amounting to almost 56.5 MMbf, as the Southern Forest Products Association said in a press release received by Lesprom Network Monday. This volume represents an increase of 17 per cent above the same month last year, contributing to a year-to-date increase of 14…
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West Fraser Invests in US Sawmill
West Fraser, out of Vancouver, BC, is expanding its Newberry County sawmill operations in South Carolina. The project is expected to bring US$33 million in new capital investment, as South Carolina Department of Commerce reported Thursday. West Fraser Invests in US Sawmill Since 2007, the West Fraser has invested millions to modernize the mill. The…
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US New Home Sales, Home Prices: Sept and Aug 2016
Newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in September, up 3.1 per cent from a downwardly revised August gure, and up 29.8 per cent from September 2015. US National Home Price Index: August 2016 The Case-Shiller National Home Price Index, released by S&P Dow Jones Indices, rose…
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US Apartment Stocks, Rental Rates: Sept & 3Q 2016
The US National Multifamily Housing Council released its Apartment Markets Retreat in the October NMHC Quarterly Survey, said Calculated Risk Thursday. The Market Tightness Index fell to 28, the lowest since July 2009 and the fourth quarter in a row showing declining conditions. Meanwhile, the stabilization of the vacancy rate, which has been falling for…
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Canada/US Softwood Lumber Negotiations Update
Last week Madison’s was contacted by representatives at the US Lumber Coalition, for their update on negotiations between the US Trade Department and Global Affairs Canada about the now-expired Softwood Lumber Agreement. “Our goal is to have market share negotiated, implemented using border measures,” detailed US Coalition reps. “A quota is our answer. The 2006…
