The adoption of a Ukraine law that would permit the export of roundwood and green lumber is anticipated to have final approval prior to the end of the year. As written, the new law does not pose a significant threat to the country’s forest resources and relate businesses.
BJ Segal, Apple’s former design director, has recently established a mass timber housing company named Juno. Architect Segal, who worked for 19 years designing Apple stores — most recently as senior design director of real estate and development — believes that Juno can create housing that dispels people’s preconception about modular buildings.
Statistics Canada (StatCan) reported today (9-14-21) that manufacturing sales fell -1.5% in July to $59.6 billion (C$), following a 3.6% increase in June. Sales were down in 12 of 21 industries, led by the wood products’ decline of -21.8% and aerospace products and parts falling -19.0%.
The U.S. Bureau of Labor Statistics (BLS) reported on Tuesday (9-14-21) that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in August on a seasonally adjusted basis after rising 0.5% in July. Over the past 12-months, the all-item index has increased 5.3% before seasonal adjustment.
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 15 basis points from 3.23% of servicers’ portfolio volume in the prior week to 3.08% as of September 5, 2021. According to MBA’s estimate, 1.5 million homeowners are in forbearance plans.
The forestry industry in Saskatchewan received additional good news on Friday (9-10-21), with the announcement that two more timber mills will be receiving timber allocations from the province. These latest allocations come at the end of a week that saw two mills in Prince Albert receive timber allocations as well.
The Kansas City Southern Railway (KCS) announced on Sunday (9-12-21) the KCS Board of Directors had determined that Canadian Pacific Railways (CP) revised proposal constitutes a “Company Superior Proposal” as defined in the KCS’s merger agreement with Canadian National Railway Company.
The National Interagency Fire Center reported today (9-13-21) that there are 81 large fires or complexes currently burning in the West and Minnesota. As of today, the total number acres actively burning are at 3,150,696. Fires listed as contained are now down to 1.
Dunkley Lumber Company, a privately owned Canadian forestry company with three sawmills in western Canada, has announced a $100 million (C$) expansion at their Carrot River, Saskatchewan sawmill facility. The expansion is expected to create 240 new direct and indirect jobs through growth in lumber sales and exports.
Statistics Canada (StatsCan) reported this morning (9-13-21) that investment in building construction in Canada was down -1.7% to $18.1 billion (C$) in July. On a constant dollar basis (2012=100), investment in building construction declined 1.6% to $13.0 billion in July.