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US Highway Bill Drafted and Passes Senate
The very, very long-awaited Fixing America’s Surface Transportation, Act, — also known as fast and the Highway Bill — was drafted by lawmakers in the House of Representatives and the Senate, who unveiled the US$305 billion measure to fund highways and mass-transit projects Tuesday in Washington, DC. The US Senate on Thursday overwhelmingly approved the…
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BMO Capital Markets’ North American Lumber & Wood Panel Markets Conference Call
This week was held an update on North American Lumber & Wood Panel Markets by Forest Economic Advisors, at a BMO Capital Markets Conference call. BMO Capital Markets Update on the North American Lumber & Wood Panel Markets : Forest Economic Advisors • US Starts Were Weaker Than Most Analysts Expected • US New Home…
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US Residential Construction Spending: October 2015
NAHB analysis of Census construction spending data released Tuesday shows that total private US residential construction spending for October increased to a seasonally adjusted annual rate of US$399 billion. On a month-over-month basis, private single-family spending was US$226 billion, up by 1.6 per cent over the revised September estimate. Private multifamily spending increased to US$58…
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Canada Residential Construction Index: 3Q 2015
The total value of investment in residential construction rose 3.3 per cent to $31.9 billion in the third quarter compared with the same quarter a year earlier, said Statistics Canada Thursday. This marked the seventh consecutive year-over-year quarterly growth. Investment in apartment and apartment-condominium building construction (up 21.5 per cent to $4.7 billion), acquisition costs…
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US Freight Rail Traffic: November 2015
The Association of American Railroads (AAR) reported Wednesday that US traffic in November totalled 1,041,605 carloads, down 10.4 per cent, or 120,259 carloads, from November 2014. US railroads also originated 1,024,162 containers and trailers in November 2015, down 1 per cent, or 10,828 units, from the same month last year. For November 2015, combined US…
