world news - 11.09.2003

Canada: Housing Starts Up in August

New home construction continued to rally in August as the seasonally adjusted annual rate of housing starts increased to 233,900 from 223,500 in July.

Low mortgage rates and consumer confidence contributed to the strength in housing markets. Mortgage rates are near 50 year lows. Year-to-date, actual starts have exceeded last year's level by 4.7 per cent.

• — Russian Production Up - 17.09.2003
• — Japan: First Half Panel Supply - 17.09.2003
• — New Sawmills in Russia - 19.09.2003
• — US Residential Construction in August - 23.09.2003
• — Brazilian Furniture Exports Set to Rise - 01.09.2003