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US Housing Starts, Home Sales, House Prices, Inventory: May 2018
Total housing starts in the US increased in May with gains in both the single-family and multifamily sectors. Starts increased +5% month-over-month to a 1.35 million seasonally adjusted annual rate, according to a joint data release June 19 from the US Census Bureau and HUD. This pace is a post-recession high. The rate of single-family…
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British Columbia Coastal Log Prices, Monthly: 2013 to May 2018
Your weekly North American softwood lumber and panel price guide, Madison’s Lumber Reporter, is delighted to announce a brand-new data set to help keep the Canadian and US forest products industry informed and up-to-date on the latest data and market information. British Columbia Coastal Log Prices, Monthly: 2013 to May 2018 The information tool for…
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It’s a Brand-New, Uncharted World for Softwood Lumber Prices
A waffling North American softwood lumber market started to settle down last week, as the Madison’s price graphs showed in our previous issue. On May 2 this year, Madison’s took the bold step — and one we do not tread upon lightly — of declaring a new floor on prices of benchmark North American softwood…
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US Construction Jobs Openings: March 2018
The count of unfilled jobs in the US construction sector was effectively unchanged in April, remaining near post-Great Recession high levels. According to the US Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) and National Association of Home Builders’ analysis, released June 5, the number of open construction sector jobs came…
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Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing
A huge sell-off of futures this week took no one by surprise, then on Thursday a reversal to positive trades brought settlement this week to approximately US$555 but on minimal volume. In cash, prices wallowed at close to last week’s levels, with significant adjustments on some specific items as price sheets stabilized. The long-awaited…
