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US Home Prices Rise 3X Faster Than Rents
In a very interesting metric that provides excellent forecast to future US home prices, according to Construction Wire, as home prices rise across the US, choosing to rent has become increasingly popular. New analysis by realtor.com® reveals the monthly costs of buying a home have risen by 14% over the past year. This is more…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: August 31, 3018
A seemingly incomprehensible North America softwood lumber market in 2018 continued it’s recent stabilization to end this pre-Labour Day holiday week somewhat moderated over last week. In the past week softwood lumber futures on the Chicago Mercantile Exchange have swing between US$425 and US$450, which provided little additional insight to this puzzling year but at…
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British Columbia Wildfires 2018/18: Impact on Forest Industry
The worst of possible bad news has happened and the wildfires across North America this year are as bad or worse than 2017. It looks like the wildfire experts were correct for the past couple of years when they said these epic forest fires are the new normal. Wildfire ecologists in British Columbia have been…
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US Newsprint Duties Cancelled, Funds to be Returned to Canadian Companies
The U.S. International Trade Commission has overturned duties imposed on Canadian newsprint, said the Canadian Press today. The commission says it found that imports of the paper product, part of the wider category of uncoated groundwood paper, do not injure US industry. The U.S. Commerce Department imposed anti-dumping and countervailing duties of various levels on…
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US Coniferous Log Exports: First Half 2018
Further to Madison’s latest story, about the skyrocketing levels of US softwood lumber exports to China, is equally stunning increase of US coniferous log exports to China. At the same time that Canadian sawmills are being blamed for the stark rise in North American construction framing lumber prices, in large part due to punishing US…
