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US Supply of New Homes: August
The August increase of the pace of new home sales pushed the months’ supply measure of inventory to its lowest level in more than a year. According to estimates from the Census Bureau and HUD released Thursday, on a nonseasonally adjusted basis the inventory of for-sale newly built homes stood at 206,000 in August. This…
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New Home Sales, US
In a joint release the Census Bureau and Department of Housing and Urban Development reported Wednesday that newly constructed single family homes sold at a seasonally adjusted annual pace of 504 thousand in August, up 18 per cent from July and 33 per cent from August 2013. The supply of new homes available for sale…
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Fort Francis Pulp Mill
The kraft pulp mill across the Rainy River in Fort Frances, ON, could have a buyer, according to a report this week in the Fort Frances Times. Possible Buyer The mill had previously been closed permanently in May by owner Resolute Forest Products, which followed a January announcement of an extended period of market-related outage…
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New Labour Market Information Study
The Wood Manufacturing Council (WMC) in June launched its project to conduct a new national Labour Market Information (LMI) Study for the Advanced Wood Processing Sector. The Council will work with sector stakeholders to produce a comprehensive LMI sector study to identify short- medium- and long-term Human Resources issues and challenges, which will serve as…
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September 2014 Lumber Sales Fizzle; Prices Stable over 2013
North American dimension lumber sales fizzled through September, to the great disappointment of solid wood traders looking for increased demand during great home building weather. Prices on most lumber and panel commodities maintained relatively level while some specialty items lost ground. Perhaps most importantly, prices generally were stable over this time last year. Producers reported…
