‘Bubble mongers’ thwarted

That’s the message from a Financial Post analysis of the housing market. We’ve been saying this at Wood Industry for years now, quite literally. Other “experts” have been predicting the bursting of Canada’s so-called housing bubble, yet the housing and construction sectors have been amazingly resilient — and consistently so. In other words, if there […]

Canadian building permits continue upswing

Canadian municipalities issued building permits worth $7.0 billion dollars in April, up 10.5 percent from March. The advance in April was the fourth consecutive monthly increase. The recent upswing came after a downward trend in the total value of building permits that began in the fall of 2012. The advance in April came largely from higher construction intentions […]

We’re number two

Canada ranks second in an international survey asking people about the influence individual countries have in the world. Germany ranks first. The view of Europe in general is rising, while that of China and India is currently in decline. The survey was conducted by the BBC.

U.S. existing home sales highest in three years

Existing-home sales are at the highest pace since November 2009 when the market spiked to 5.44 million in response to the home buyer tax credit.  Total sales have been above year-ago levels for 22 consecutive months, while prices show 14 consecutive months of year-over-year price increases. Existing-home sales rose in April but remain below underlying […]

Building permits rise again

Contractors took out building permits worth $6.5 billion in March, up 8.6% from February and the third consecutive monthly advance. The March increase came mostly from the non-residential sector in Ontario and Alberta.

Canadian home sales rise in March

According to statistics released by The Canadian Real Estate Association (CREA), national home sales edged upward on a month-over-month basis in March 2013 but stayed well below levels recorded one year ago. Highlights: National home sales rose 2.4% from February to March. Actual (not seasonally adjusted) activity came in 15.3% below levels in March 2012. […]

CMA awards now open

The Cabinet Makers Association is now accepting entries for its 2013 Wood Diamond Awards, which recognize excellence in projects submitted by North American cabinet manufacturers. Canadians have won some Diamond Awards in recent years, too. Good luck!

The February building permits report

Statistics Canada has come out with its latest report on building permits in Canada. The report includes the following: Building permits totalled $6.0 billion in February, a 1.7% increase from January. Higher construction intentions in the non-residential sector in eight provinces, led by Alberta, more than offset a decline in the residential sector. Construction intentions in the […]

PPG completes AkzoNobel acquisition

PPG Industries announced that it has finalized the acquisition of the North American architectural coatings business of Akzo Nobel N.V., Amsterdam, in a deal valued at $1.05 billion. “We are pleased to have successfully completed this acquisition, the second-largest in our company’s history, as it further extends PPG’s architectural coatings business in the United States, […]

Nap Gladu acquires BC Saw

Jasper, Indiana – Quintec, the tooling platform company owned by Tenex Capital Management, announced the completion of the acquisition of BC Saw Toronto, Canada by its Nap Gladu subsidiary.  BC Saw, located in Toronto, Ont., has been specializing in the sale and service of carbide saws, routers, insert tooling, diamond tooling, metal saws and custom […]