Tag: US housing starts

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…

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…

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…

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…

The next issue of the fabulous Madison’s BC Coast Log Prices, including August log price data, was released Friday. This is not BC government data, this is real logs sold at the Vancouver Log Market (see tech details here: https://madisonsreport.com/2018/09/27/british-columbia-coast-log-prices-august-2018-preview/). These are market prices, they are transaction-based. This is a brand-new data set which which…