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North American Softwood Lumber Prices Continue Dizzying Reversals
The sheer plummet, then flat-line, of North American construction framing softwood lumber prices for most of this year continued last week the massive reversal of the previous week. Wholesaler prices of benchmark dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr (RL) (net FOB sawmill) last week corrected up somewhat further. The ability of Eastern…
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US Existing Home Sales: May 2019
Boosted by lower mortgage rates, existing home sales, released by the National Association of Realtors (NAR), rebounded in May. This is the first gain in two months. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed 2.5% to a seasonally adjusted annual rate of 5.34 million in May. On a year-over-year basis, sales…
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Madison’s Lumber Reporter Weekly Prices Snippet:
WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
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WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
Several benchmark North American construction framing softwood lumber prices rebound spectacularly … Key Comment : Sales of Western Spruce-Pine-Fir exploded following a Canfor announcement of sweeping curtailments across many multiple production facilities. https://madisonsreport.com/lumber-prices/ Madison’s Lumber Prices Weekly Market Commentary Snippet Western SPF: USA Recrudesce Following Canfor’s major curtailment announcement Monday, sales of Western Spruce-Pine-Fir “exploded”…
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US Home Values 1Q 2019: Record-Highs
The value of all US owner-occupied homes increased to a record US$26.1 trillion in 1Q 2019, according to a Federal Reserve report known as the Flow of Funds, released Thursday. That was a gain of +4.3% from a year earlier, the slowest annualized increase since 2012. The collective value of US homes is now +15% higher than…
