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Global Softwood Lumber Trade Complications
The biggest issue by far for Canada’s forest products industry as 2019 comes to a close is: complications to global trade.There are two major unknowns right now; one in each of the political arenas Canada uses to battle the never-ending disputes with the United States over softwood lumber duties. At the World Trade Organization, where…
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US Housing Starts vs Softwood Lumber Prices: 3Q 2019
Housing starts in the US grew +3.2% in November to a seasonally adjusted annual rate of 1.365 million and the pace for October was revised upward, according to the Department of Housing and Urban Development and the Department of Commerce December 17. Median US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 2016 –…
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US House Prices vs. Softwood Lumber Prices: Dec 2019
Median US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 3Q 2019 US house prices rose in 3Q 2019, up +1.1 per cent according to the US Federal Housing Finance Agency (FHFA) House Price Index (HPI), released November 26. House prices in the US rose +4.9 per cent from 3Q…
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New NAFTA Deal Signed, Softwood Lumber Prices Hold Steady
A significant uncertainty for North American business owners was resolved Tuesday as Canada, the US, and Mexico signed the new trilateral trade agreement, the CUSMA. Full details will be revealed soon, and the new deal will take effect January 1, 2020. Also this week the Western Wood Products Association released its latest monthly Lumber Track…
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Looking Forward to 2020: Global Forest Industry
This year is not over yet, but it has been one of a never-before combination of circumstances. Dire circumstances. Storms, floods, fires, in residential areas and in the forest. Adjusting to the new economics of the business of making and selling lumber has not been easy. The economic reality of the condition of the harvestable…
