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North America Commodity Softwood Lumber Price Comparison
As Madison’s is preparing the next issue of our quarterly Forest Pulse, this seems like a good time to update readers on a ten-year price trend comparison of several of the most commonly-traded softwood lumber commodity prices. Three Main 2×4 Construction Framing Dimension Lumber Prices: 10 Years Benchmark Western Spruce-Pine-Fir KD 2×4 #2&Btr Prices Ten…
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Softwood Lumber Negotiations Lack of Update
Canada and the United States remain “far apart” on several important points concerning a new agreement on softwood lumber, according to the Canadian government’s chief negotiator, said CBC Thursday. Testifying before the House of Commons committee on international trade on Thursday, Martin Moen, an official with the department of Global Affairs, said there have been…
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Canada Housing Starts: July 2016
The Canadian housing starts report from the Canada Mortgage and Housing Corp released Tuesday showed the seasonally adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Construction of multiple units fell 13.3 per cent. Housing Starts, Canada The expected fallback in Canadian housing starts in June…
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US Housing Affordability: 2Q 2016
According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates…
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US Southern Pine, BC Lumber Exports: June 2016
Exports of Southern Pine lumber soared in June, amounting to a monthly record of 65.57 million board feet, according to the latest reports from the USDA’s Foreign Agricultural Service, said the Southern Forest Products Association Wednesday. Meanwhile in Canada, British Columbia forest product exports for January to June totalled $6.88 billion, up 6.9 per cent…
