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US House Sales : May 2016
“May US home sales increased at a rate that’s slightly higher than the average monthly increase,” said Dave Liniger, RE/MAX CEO and Chair, to National Mortgage Professional Friday. “This is despite the fact that inventory in many markets remains very low. At the same time, interest rates appear to have stabilized, which helps encourage potential…
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Wildfires
A wildfire in Southern California more than tripled in size overnight and forced officials to close a major highway, while another blaze in New Mexico had communities on edge after destroying two dozen homes, according to Reuters Friday. It grew from 1,200 acres (486 hectares) on Thursday night to more than 4,000 acres (1,619 hectares)…
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Canada-US Softwood Lumber Unofficial Update
The Government of Canada Friday released a statement regarding ongoing negotiations for a bilateral Softwood Lumber Agreement with the US: http://news.gc.ca/web/article-en.do?nid=1086569 “Following this initial 100 days of intensive engagement, the United States and Canada have made significant advances in exploring the key issues and priorities,” but no other word on what these advances might be,…
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Japan Wood Self-Sufficiency Plan
Total new housing starts in Japan for April were 82,389 units, a 9 per cent increase over April 2015, and an 8.9 per cent improvement over March this year, according to the Japan Lumber Reports Friday. As well, the 2015 Forestry White Paper has been submitted to the Diet, disclos- ing Japan’s current degree of…
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Japan Housing Starts
Total new housing starts in Japan for April were 82,389 units, a 9 per cent increase over April 2015, and an 8.9 per cent improvement over March this year, according to the Japan Lumber Reports Friday. As well, the 2015 Forestry White Paper has been submitted to the Diet, disclosing Japan’s current degree of wood…
