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US Housing Starts & Softwood Lumber Prices: October and November 2020
US Housing Total Starts October 2020 & Benchmark Softwood Lumber Prices November 2020 New home building in the US surged up by +5% to an annual rate of 1.530 million in October 2020 after soaring by +6.3% to an upwardly revised rate of 1.459 million in September. As in previous months, the increase was driven…
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US Housing Starts: Oct 2020
The latest housing starts report by the US Commerce Department, released Wednesday, said new home building in the US surged up by +5% to an annual rate of 1.530 million in October 2020 after soaring by +6.3% to an upwardly revised rate of 1.459 million in September. US housing starts continue to defy expectations in…
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Canada Housing Starts: Oct 2020
The trend in Canadian housing starts was 222,734 units in October 2020, up from 214,372 units in September 2020, according to Canada Mortgage and Housing Corporation (CMHC) Tuesday. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. Canadian housing starts rose +3% in October compared with the…
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Softwood Lumber Prices Mixed Bag
As market conditions stabilized, some North American construction framing dimension softwood lumber prices fell further, others were flat, and still others actually rose somewhat. After a few weeks of seeming free-fall, most lumber prices stabilized last week as the supply-demand balance corrected nicely. Suppliers in Canada and the US saw more orders coming in as…
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US Home Prices: 3Q 2020
Every metro area in the United States tracked by the US National Association of Realtors® during 3Q 2020 saw home prices increase from a year ago, according to NAR’s latest quarterly report, released Thursday. Single-family existing home prices rose in all measured metro areas in 3Q 2020. 65% of metro areas had double-digit price gains. The…
