{"id":76462,"date":"2018-09-26T08:41:41","date_gmt":"2018-09-26T08:41:41","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/"},"modified":"2025-09-19T08:49:03","modified_gmt":"2025-09-19T08:49:03","slug":"canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/","title":{"rendered":"Canadian lumber giants downgraded due to negative expectations for the US housing market"},"content":{"rendered":"

Shares in several major Canadian forestry companies closed down Wednesday after an analyst downgrade and lower-than-expected building permits for the crucial U.S. housing sector.<\/em><\/p>\n

CIBC analyst Hamir Patel said in a note that the bank has reduced its outlook on the industry, including downgrades on Interfor Corp., Resolute Forest Products Inc., and West Fraser Timber Co., as concerns mount about U.S. housing, the Globe and Mail reported.<\/p>\n

\"With more warnings signs flashing in the U.S. housing market ... we are now moving to the sidelines on all commodity wood product stock,\u201d wrote Mr. Patel, as quoted by the Globe and Mail.<\/p>\n

Canfor Corp. closed down 6 per cent, Resolute ended down 4.5 per cent, Interfor down 4 per cent, and West Fraser down 3.9 per cent.<\/p>\n

The shift came as the U.S. Commerce Department said Wednesday that applications for building permits, seen as a reliable indicator of future activity, fell by 5.7 per cent in August after a 0.9-per-cent rise in July. Permit applications have been down four of the past five months.<\/p>\n

The reading is quite a bit weaker than expected and shows that permits have clearly faded from the cycle high in March, said BMO senior economist Robert Kavcic in a note. \"This is consistent with our view that residential construction looks to be largely a wash on overall economic growth at this stage of the cycle.\u201d<\/p>\n

The drop in permits contrasted with a surprise 9.2-per-cent jump in August housing starts, but Mr. Kavcic said it was largely a catch-up move from slumps in the previous two months.<\/p>\n

The signs of potential slowing come after a strong run for the industry, supported by tight supplies and a rebounding housing sector that have pushed prices up to all-time highs this summer.<\/p>\n

Mr. Patel noted that a strong first half of the year and a \"decent\u201d third quarter have set the industry up for what could be a record year.<\/p>\n

High lumber prices have also helped insulate the industry from the softwood-lumber tariffs the U.S. imposed in April, 2017, that average just over 20 per cent.<\/p>\n

Western softwood lumber prices have averaged US$536 per thousand board feet this year, up from US$401 last year. Prices peaked at more than US$650 per thousand board feet in June but have since plunged, falling 14 per cent in the last two weeks alone to US$412, said Mr. Patel.<\/p>\n

The tariffs came after a 2006 softwood-lumber agreement expired in October, 2015. Last week, a group of U.S. senators urged U.S. Commerce Secretary Wilbur Ross to reach a new softwood-lumber agreement because of the high lumber prices caused by the tariffs.<\/p>","protected":false},"excerpt":{"rendered":"

Shares in several major Canadian forestry companies closed down Wednesday after an analyst downgrade and lower-than-expected building permits for the crucial U.S. housing sector. CIBC analyst Hamir Patel said in a note that the bank has reduced its outlook on … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3313,3369,3306,3961],"class_list":["post-76462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-canada","tag-companies","tag-lumber","tag-us-housing-market","topic-forestry","topic-sawmilling","topic-wood-construction","area-north-america"],"acf":[],"yoast_head":"\nCanadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Shares in several major Canadian forestry companies closed down Wednesday after an analyst downgrade and lower-than-expected building permits for the crucial U.S. housing sector. CIBC analyst Hamir Patel said in a note that the bank has reduced its outlook on … Continue reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-26T08:41:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T08:49:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"635\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Canadian lumber giants downgraded due to negative expectations for the US housing market\",\"datePublished\":\"2018-09-26T08:41:41+00:00\",\"dateModified\":\"2025-09-19T08:49:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg\",\"keywords\":[\"Canada\",\"companies\",\"lumber\",\"US housing market\"],\"articleSection\":[\"Companies in the timber industry\",\"Latest Trends\",\"Market Analysis\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\",\"name\":\"Canadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg\",\"datePublished\":\"2018-09-26T08:41:41+00:00\",\"dateModified\":\"2025-09-19T08:49:03+00:00\",\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg\",\"width\":635,\"height\":300},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"name\":\"Timber Industry News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.timberindustrynews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ro-RO\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\",\"name\":\"Timber Industry News\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"width\":150,\"height\":57,\"caption\":\"Timber Industry News\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\",\"name\":\"GWMI Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"caption\":\"GWMI Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.timberindustrynews.com\/ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/","og_locale":"ro_RO","og_type":"article","og_title":"Canadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News","og_description":"Shares in several major Canadian forestry companies closed down Wednesday after an analyst downgrade and lower-than-expected building permits for the crucial U.S. housing sector. CIBC analyst Hamir Patel said in a note that the bank has reduced its outlook on … Continue reading →","og_url":"https:\/\/www.timberindustrynews.com\/ro\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/","og_site_name":"Timber Industry News","article_published_time":"2018-09-26T08:41:41+00:00","article_modified_time":"2025-09-19T08:49:03+00:00","og_image":[{"width":635,"height":300,"url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg","type":"image\/jpeg"}],"author":"GWMI Admin","twitter_card":"summary_large_image","twitter_misc":{"Scris de":"GWMI Admin","Timp estimat pentru citire":"2 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#article","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/"},"author":{"name":"GWMI Admin","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff"},"headline":"Canadian lumber giants downgraded due to negative expectations for the US housing market","datePublished":"2018-09-26T08:41:41+00:00","dateModified":"2025-09-19T08:49:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/"},"wordCount":445,"commentCount":0,"publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg","keywords":["Canada","companies","lumber","US housing market"],"articleSection":["Companies in the timber industry","Latest Trends","Market Analysis"],"inLanguage":"ro-RO","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/","url":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/","name":"Canadian lumber giants downgraded due to negative expectations for the US housing market - Timber Industry News","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg","datePublished":"2018-09-26T08:41:41+00:00","dateModified":"2025-09-19T08:49:03+00:00","inLanguage":"ro-RO","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/"]}]},{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/canadian-lumber-giants-downgraded-due-negative-expectations-us-housing-market\/#primaryimage","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/housing-starts.jpg","width":635,"height":300},{"@type":"WebSite","@id":"https:\/\/www.timberindustrynews.com\/#website","url":"https:\/\/www.timberindustrynews.com\/","name":"\u0218tiri din industria lemnului","description":"","publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.timberindustrynews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ro-RO"},{"@type":"Organization","@id":"https:\/\/www.timberindustrynews.com\/#organization","name":"\u0218tiri din industria lemnului","url":"https:\/\/www.timberindustrynews.com\/","logo":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","width":150,"height":57,"caption":"Timber Industry News"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff","name":"GWMI Admin","image":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","caption":"GWMI Admin"}}]}},"_links":{"self":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/76462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/comments?post=76462"}],"version-history":[{"count":0,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/76462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media\/59306"}],"wp:attachment":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media?parent=76462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/categories?post=76462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/tags?post=76462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}