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US Court of International Trade Finds US Commerce Department’s Ruling On Canadian Lumber Unlawful
The U.S. Court of International Trade on Wednesday ordered the U.S. Department of Commerce to rethink its conclusion that certain cedar shakes and shingles made by Canada producers are subject to countermeasure tariffs on Canadian softwood lumber imports, saying that the determination is unlawful. Judge Jennifer Choe-Groves said that when the Commerce Department makes a…
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US Housing Market Share of GDP: 3Q 2019
US GDP 3Q 2019 data shows investment was weak again. Yet residential investment picked up, at a 5.1% annual rate. The US Bureau of Economic Analysis (BEA) reported that investment in US non-residential structures decreased at a 15.3% annual pace in 3Q 2019. Lodging investment decreased in 3Q, but lodging investment is up 6% year-over-year.…
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Canfor Goes Private
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: Great Pacific Capital Corporation, which already owns 51 per cent of shares in Canfor, will purchase the remaining 49 per cent at $16 each, in a deal that is estimated at more than $980 million. A special committee of lumber giant Canfor’s…
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Conifex Sells Fort St James Timber License to Hampton; New Sawmill Build
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: British Columbia has approved the transfer of Conifex’s forest licence in the Fort St. James, BC, area to Fort St. James Forest Products, a subsidiary of Hampton Lumber Mills. Conifex announced the $39 million sale in June, pending provincial…
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US House Prices vs. Softwood Lumber Prices: Oct 2019
Average US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 3Q 2019 US house prices rose in August, up +0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose +4.6 percent from August 2018 to August 2019. The previously reported +0.4…
