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Category: Lumber News

  • US Real Estate Update

    The data also shows that total housing inventory at the end of December dropped 12.3 per cent to 1.79 million existing homes available for sale, and is now 3.8 per cent lower than a year ago. Unsold inventory is at a 3.9 month supply at the current sales pace, down from 5.1 months in November…

  • Canada Construction Materials Costs: Nov 2015

    Similar to the US, the price advances of many materials and building products going into the construction process in Canada remain restrained in November 2015, said Alex Carrick of Daily Commercial News Friday. The 0.3 per cent increase year-over-year for total construction costs does, how- ever, incorporate considerable variation at the type-of-structure sub-category level. Softwood…

  • US Home Sales, Prices

    A flurry of data out this week on US pending and existing home sales, home prices, year-end 2015 home sales provide an update on the housing and real estate situation in America. US Home Sales and House Prices: December and Year-End 2015 Existing home sales in the United States increased again in December after seeing…

  • Canada – US Softwood Lumber Agreement Update

    Both BC Forests Minister Steve Thomson and Council of Forest Industries president Susan Yurkovich said January 13 that British Columbia no longer expects to simply renew the 2006 Softwood Lumber Agreement, according to Business in Vancouver Tuesday. Thomson and Yurkovich met with Canada’s international trade minister, Chrystia Freeland, earlier that week to exchange views on…

  • US Real Estate and Economic Update

    The latest data of US real estate activity and general macroeconomic conditions are examined. US Private Investment and the Business Cycle Calculated Risk — Bill McBride “Discussions of the business cycle frequently focus on consumer spending (PCE: Personal consumption expenditures), but the key is to watch private domestic investment, especially residential investment. Even though private…