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U.S. housing starts show substantial rebound In July

August 21, 2023 ` 19:28  
The Commerce Department said housing starts surged 3.9% to an annual rate of 1.452 million in July after plunging by 11.7% to a revised rate of 1.398 million in June. Economists had expected housing starts to increase to...

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Segezha Group starts selling apartments in the first CLT houses in Russia

March 2, 2023 ` 12:47  
Segezha Group is officially starting selling housing in the first Russian high-rise CLT buildings. These are one-room and two-room apartments with an area of 48–63 m² in two four-storey buildings of Sokoliki Housing Estate in the town of...

Canadian housing starts drop sharply in January 2023

February 17, 2023 ` 19:39  
The standalone monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada declined 13% in January (215,365 units) compared to December (248,296 units) according to Canada Mortgage and Housing Corporation (CMHC). The SAAR...

The Government of the Irkutsk Region is planning to implement a large-scale project of comprehensive wooden housing construction in the region

February 16, 2023 ` 18:22  
Federal standards actually allow the construction of individual residential houses in the region at the moment, but the regional authorities are planning to launch a large-scale project of comprehensive wooden housing construction. The first project could be the...

The Ministry of Industry and Trade and the Ministry of Construction of Russia continue to elaborate a roadmap for the formation of a domestic market for the production and consumption of standardized glued laminated timber structures

January 24, 2023 ` 19:19  
The roadmap is aimed at compensating for the lost exports of sawn timber and glulam structures to the countries of the European Union and at increasing the output of higher-value-added timber products. The roadmap provides for federal funding...

Segezha Group obtained a Kazakhstan certificate for its CLT panels

January 24, 2023 ` 19:14  
The certificate confirms compliance with the safety requirements of the republic. Margarita Lee, Vice President of Segezha Group, notes that obtaining such certificates in Kazakhstan will facilitate the implementation of large projects with the participation of government agencies...