Wood Markets News


Canadian Building Permits Decline in August

Statistics Canada (StatsCan) is reported today (10-4-21) that the nationwide total of building permits decreased -2.1% month-over-month in August to $9.7 billion (CAD). The report notes that while most of the provinces reported increases in building permits, significant declines in British Columbia and Ontario resulted in the lower month-over-month loss.

Analysis of Q2 2021 Real GDP at State-Level Released

According to the Bureau of Economic Analysis (BEA), with analysis provided by the National Association of Home Builders (NAHB), real gross domestic product (GDP) increased in all 50 states and the District of Columbian in Q2 of 2021, when compared with Q1 of 2021. The increases in real GDP ranged from 9.7% in Nevada to 1.8% in Alaska.

Canadian GDP Edges Lower in July 2021

Statistics Canada (StatsCan) reported today (10-1-21) the real gross domestic product (GDP) in Canada edged lower -0.1% in July. This follows a 0.6% increase in June. Total economic activity in July was approximately -2% below the pre-pandemic level of February 2020.