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US Home Sales, Prices
A flurry of data out this week on US pending and existing home sales, home prices, year-end 2015 home sales provide an update on the housing and real estate situation in America. US Home Sales and House Prices: December and Year-End 2015 Existing home sales in the United States increased again in December after seeing…
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Canada – US Softwood Lumber Agreement Update
Both BC Forests Minister Steve Thomson and Council of Forest Industries president Susan Yurkovich said January 13 that British Columbia no longer expects to simply renew the 2006 Softwood Lumber Agreement, according to Business in Vancouver Tuesday. Thomson and Yurkovich met with Canada’s international trade minister, Chrystia Freeland, earlier that week to exchange views on…
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Sawmills Bought, Sold, Closed: Canada and US
Canfor Corp announced January 21 that it has entered into an agreement to purchase the assets of Wynndel Box and Lumber, located in the Creston Valley of British Columbia. In the US, Woodgrain Millwork bought the Emmett sawmill, north of Boise, ID, from Gem Forest Products, said KTVB TV January 22. The company plans to…
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US Real Estate and Economic Update
The latest data of US real estate activity and general macroeconomic conditions are examined. US Private Investment and the Business Cycle Calculated Risk — Bill McBride “Discussions of the business cycle frequently focus on consumer spending (PCE: Personal consumption expenditures), but the key is to watch private domestic investment, especially residential investment. Even though private…
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Japan Wood Olympic Stadium Roof
A new plan has been selected in Japan for the new National Stadium, to be built for the 2020 Tokyo Olympic Games, according to Japan Lumber Reports Friday. The theme of the new stadium will be ‘wood and green’, with the roof made of a hybrid steel and wood structure. The wood will be laminated…
