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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 20 ’18
The manufacture and sale of North America softwood lumber and panel raced headlong into the US Thanksgiving long weekend after two years of a very tumultuous market. Madison’s own expectations were for the recent annual North American Wholesale Lumbermen’s Association (NAWLA) meeting in Chicago, IL, to be “off-the-hook” as the kids say. While extremely well…
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Curtailments, Closures, Job Action at British Columbia Sawmills
Fast on the news last week that the respective bargaining committees, for workers and employers, were making progress and a deal seemed imminent, this weekend came word of possible more continued rotating strikes for British Columbia sawmills. According to the United Steelworkers, contract talks have broken down with the Interior Forest Labour Relations Association (IFLRA),…
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West Fraser Permanently Reduces Sawmill Production; Canfor and Conifex Curtail Sawmills
West Fraser in Quesnel, BC, will be eliminating a shift at its sawmill, said MyPrinceGeorgeNow Wednesday. The company says it will permanently curtail approximately 300 million board feet of combined production at its Fraser Lake, BC, and Quesnel sawmills. A total of 75 employees will be impacted in Quesnel, over 1Q and 2Q 2019, although…
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US House Prices, Construction Jobs: Sept 2018
CoreLogic® Thursday released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for September 2018, which shows US home prices rose both year over year and month over month. Home prices increased nationally by 5.6 percent year over year from September 2017. On a month-over-month basis, prices increased by 0.4 per cent in September 2018.…
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Canada Lumber Production Down, Sawmill Sales Up: August 2018
The latest data, released by Statistics Canada Thursday, shows lumber production in Canada fell -1.5 per cent in January to August 2018 compared to one year earlier, with sawmills producing 50,389 thousand cubic metres of lumber, compared to 51,125 thousand cubic metres for the first eight months of 2017. In separate data released by Statistics Canada also…
