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US Existing Home Sales: June 2018
Existing-home sales in the US decreased -0.6% in June to a level 2.2% below a year ago, and sales have now decreased year-over-year for three consecutive months. The first-time buyer share of 31% was unchanged from last month, but down from 32% a year ago. The National Association of Realtors reported today (Monday) that 58%…
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US Housing Starts: June 2018
Not very surprisingly, US housing starts corrected downward somewhat for June, as housing inventory for sale continues to shrink and home prices continue to rise. U.S. new-home groundbreaking and permits fell in June to the slowest paces in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market,…
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Using Madison’s Lumber Prices on SilvaStat360: Step-by-Step instructions
Here are step-by-step instructions how to use Madison’s Lumber Prices on SilvaStat360 via Forest2Market , with screen captures of the actual tool: DOWNLOAD INSTRUCTIONS 2-PG PDF: SS360 Madisons Tutorial Click this link to access your login https://silvastat360.forest2market.com/auth/signin?from_page=/ Click on “Madison’s Lumber Reporter” at the left on your landing page: Click on “View” at the top…
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Lumber Prices Sharply Reverse Recent Increases, Inventories Grow
Both producers and secondaries now have more plump inventories than most of this year, making assessments of their own price lists somewhat easier. Buyers, well aware of this, are pushing back at sawmills with significant counter-offers. Those suppliers in a position to negotiate are accepting customer demands. Prices are responding toward accordingly. This week and…
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Canada Investment in Housing Construction: 2Q and May 2018
Canadian investment in new housing construction increased +6.3% from May 2017 to $4.8 billion in May, according to Statistics Canada Thursday. The year-over-year increase was led by spending on multiple-unit construction (apartment buildings, row houses and semi-detached houses), while spending on single-family homes was down. Investment in non-residential building construction, meanwhile, totalled $14.3 billion in 2Q 2018, up +1.4% compared with…
