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US Leading Economic Index: January 2015
Suggesting a positive short-term outlook, the Conference Board released a report Thursday showing a modest increase by its index of leading US economic indicators in the month of January. The Conference Board said the leading economic index edged up by 0.2 per cent in January following a downwardly revised 0.4 per cent increase in December.…
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Mortgage Delinquency and Foreclosure Rates, US
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.68 per cent of all loans outstanding at the end of 4Q 2014, according to the Mortgage Bankers Association Wednesday. The delinquency rate for mortgage loans was the lowest level since 3Q 2007. The delinquency rate decreased 17…
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US Southern Pine, Hardwood Lumber Exports: 2014
Southern Pine lumber exports finished 2014 at a record volume of just over 552 mmbf, a jump of 17 per cent above the 2013 export total, said the Southern Forest Products Association Friday. Southern Pine lumber exports have more than doubled in the past five years, the agency said. Meanwhile, US exports of hardwood lumber…
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US New and Pending Homes Sales: January 2015
The US Commerce Department said Wednesday that sales of new homes in January dipped 0.2 per cent to 481,000 units. The January 2015 pace of new home sales in the US, released by the Census Department Wednesday, was 5.3 per cent higher than the sales rate recorded in January 2014. Total inventory was 218,000, seasonally…
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Northwest Hardwoods Acquires
Northwest Hardwoods, out of Longview, WA, has completed the acquisition of Industrial Timber & Lumber, based in Beachwood, OH. ITL is one of the largest global suppliers of North American hardwood. It sells over 200 million board feet of hardwood lumber annually and has approximately 400 employees. ITL owns two integrated sawmills, four concentration yards…
