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Astonished Customers Delay Buying as Softwood Lumber Prices Remain High
Players in the recent overheated lumber market took a pause this week as benchmark WSPF KD 2×4 #2&Btr cash prices stayed flat over the previous week. The lumber futures board on the Chicago Mercantile Exchange dropped down-limit at close Thursday and continued it’s slide in active trading Friday. Sawmills were able to respond to reluctant…
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Opinions Vary on Market Conditions as Lumber Prices Rise
FURTHER TO LAST WEEK’S LUMBER MARKET COMMENT “Prices Are Elevated and Might Just Correct Downward” …. Madison’s has received, and is receiving many comments with informed opinions from operators: An astonishing increase in values of lumber futures on the Chicago Merchantile Exchange in the past week did a lot to keep upward pressure on cash…
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Canada Lumber Exports, Not to USA
The China section of Canada Wood Group wrote February 6 that from January to November 2017 China’s forestry fixed asset investment totalled RMB 204.1 billion (C$40.13 billion), representing +3.2 per cent growth year-on-year. During the same period wood volumes imported via Taicang Port equalled 10.29 million cubic metres, which is equal to a +27.18 per…
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US Real Estate Owned (Foreclosure) Inventory: 4Q 2017
Freddie Mac reported Thursday the number of Real Estate Owned (or foreclosure) housing inventory in the US declined to 8,299 units at the end of 4Q 2017, compared to 11,418 at the end of 4Q 2016. For Freddie, this is down -89 per cent from the 74,897 peak number of REOs in 3Q 2010, and…
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New Housing Price Index, Canada: December 2017
Nationally, prices for new houses in Canada were unchanged in December, while showing limited growth in some markets, according to Statistics Canada February 8. In December, new house prices in Canada were unchanged for the first time since April 2015. Buyers in 15 of the 27 census metropolitan areas surveyed saw no price change. Increases…
