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Canada Residential Construction: April 2017
New housing construction investment totalled $4.6 billion in April, up 8.4 per cent compared with April 2016, said Statistics Canada also Thursday. Eight provinces posted gains, led by Ontario. Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted…
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US New and Existing Home Sales, Inventory: May 2017
Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace…
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US Softwood Lumber Imports: 1Q 2017
Offshore imports of softwood lumber to the US continued to climb in early 2017 after increasing 43 per cent in 2016, according to the Campbell Group’s monthly Timber Trends Thurday. As Canadian producers have shifted their focus to markets outside of the US, attention has turned to the supply side of the US softwood lumber…
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Anti-Dumping Duty Rates announced — Softwood Lumber
Anti-Dumping Duty Rates announced — Softwood Lumber Canfor 7.72 percent Resolute 4.59 percent Tolko 7.53 percent West Fraser 6.76 percent All others (including Irving) 6.87 percent Lumber produced in NS, PEI, and NL, from timber harvested in those provinces, and so certified by the Atlantic Lumber Bureau, will be excluded from both AD and CVD.…
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US Home Builder Confidence, Home Equity: June & 1Q ‘17
Builder confidence in the market for newly-built single-family homes in the US weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Thursday. Elsewhere, according to the Federal Reserve Board’s 1Q 2017…
