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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
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USDA Softwood Lumber Checkoff Unlawful in US
A US federal judge has ruled the USDA violated the law in creating the softwood lumber checkoff, which raises money to promote the use of US and Canadian wood in US construction, according to Capital Press Thursday. Companies that manufacture more than 15 million board-feet of lumber a year — enough to build 1,000 homes…
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NAHB Analysis: Potential Softwood Lumber Duty Impact
“Even Modest Cap on Canadian Lumber Threatens 8,900 U.S. Jobs” “15% Tariff on Canadian Lumber Would Cost 4,666 U.S. Jobs” Tariff on Canadian Lumber Would Cost US Jobs National Association of Home Builders LINK Recent NAHB estimates show that a 15 per cent tariff on softwood lumber imported from Canada would have resulted in a…
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Softwood #LUMBER Wholesale Prices 05/27/16:
Madison’s Reporter @LumberNews 3m3 minutes ago Softwood #LUMBER PRICES 05/27/16: WSPF KD 2×4 #2&Btr US$326 mfbm, +$0; ESPF KD 2×4 US$425, +$5; Doug Fir green 2×4 $350, +$0. *OSB 7/16″ ON C$345 msf, +$0. All prices are net FOB mill in U.S. dollars per 1000 board feet unless otherwise noted. * denotes Canadian dollars per…
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Chicago Fed National Activity Index: April 2016
Led by improvements in production-related indicators, the Chicago Fed National Activity Index, released Thursday, rose to +0.10 in April from –0.55 in March. This index is a weighted average of 85 indicators of national economic activity drawn from four broad categories of data. Led improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI)…
