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Author: Madison’s Lumber Reporter

  • US House Prices, New Home Sales Volatility

    The pace of the S&P CoreLogic Case-Shiller US National Home Price Index index (equal to 100 in January 2000) rose from 136.7 in December 2011 to 179.4 in May of 2016. The monthly change between April and May was 0.2 per cent, or 2.3 per cent on an annualized basis, and the index is up…

  • Canada Railway Car Loadings: May 2016

    The volume of rail freight carried in Canada totalled 27.7 million tonnes in May, an 8.2 per cent drop last year, said StatsCan Wednesday. In contrast, from May 2011 to May 2016, the total volume of rail freight carried in Canada increased 5.4 per cent. Canada Rail Car Loadings In May, freight originating in Canada…

  • Softwood Lumber Smack Talk

    In a new development best received with foreboding, 25 US Senators this week sent a signed letter to US Trade Representative Michael Froman alleging “Canadian lumber is subsidized, unfairly traded and has had decades worth of well-documented adverse economic impacts in the US.” As a result of this communication, Canada’s ambassador to the US, David…

  • Conference Board of Canada 2016 Growth Forecast

    A new Conference Board of Canada report has downgraded its projections for Canada’s economic growth in 2016 from 1.6 per cent to 1.4 per cent, despite a strong start to the year. The wildfires that damaged much of Fort McMurray, AB, and the surrounding areas, a weakening global economy, and the ongoing and significant deterioration…

  • US Existing Home Sales

    Total US existing-home sales climbed 1.1 per cent to 5.57 million in June, from a downwardly revised 5.51 million in May, said the National Association of Realtors Thursday. US Existing Home Sales Total existing-home US sales climbed 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June from a downwardly revised 5.51…