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US Home Sales, House Prices, Homeownership Rates
Markets in 162 of the approximately 340 metro areas across the US returned to or exceeded their last normal levels of economic and housing activity in 3Q 2016, ac- cording to the National Association of Home Builders/First American Leading Markets Index (LMI) released Tuesday.In 2017, sales of existing homes are forecast to grow roughly 2…
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Japan Housing Starts
Japan housing starts improved by 3.9 per cent in September 2016, to 85,622 units annually on a seasonally-adjusted basis from 82,242 units one year ago, according to Japan Lumber Reports November 4. The proportion of wood-framed new construction — at 49,733 units — dropped to 58.8 percent, from 48,7171 units, or 59.2 percent in August. New units…
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Wood Pellet Mill Investment: US
A project seeking to build a wood pellet mill in northeast Vermont has received a US$2.5 million loan guarantee through the US Department of Agriculture’s rural development division. The loan will help convert a former paper mill in Lunenburg, VT, into a wood pellet manufacturing facility. Vermont Pellet Mill Investment The project seeking to build…
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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…
