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US Housing Starts: September 2017
The US Commerce Department revealed Wednesday in the latest data, that housing starts in the US decreased 4.7 per cent to a seasonally adjusted annual rate of 1.127 million units in August. US Housing Starts The US Commerce Department said Thursday that the drop in September data was the lowest level since September 2016 and…
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Building Permits, Canada: August 2017
Canadian municipalities issued $7.5 billion worth of building permits in August, down 5.5 per cent from July, according to Statistics Canada Tuesday. This was the second consecutive monthly decrease. Despite these declines, the year-to-date value of building permits (January to August) is up 8.7 per cent compared with the same period in 2016, reflecting a…
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North American Sawmill Capacity Utilization: July 2017
As with May, rates of production as percent of practical capacity for North American sawmills in the US in January to July 2017 rose another percentage point from last month, to 86%. This compared to 86% the previous year and 86% for full year 2016, according to the latest issue of the Western Wood Products…
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Quebec and Ontario Lumber Headed to Storm-Hit Areas
A cargo ship departed Baie-Comeau, QC, on Sunday to deliver supplies to Puerto Rico, ravaged by the passing of Hurricane Maria, according to CBC Monday. Most of the US terri- tory’s 3.4 million residents remain without power and are struggling to find clean water and fuel. Resolute Forest Products said an employee at its…
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US New Home Sales: August 2017
CoreLogic Tuesday released its CoreLogic Home Price Index (HPI) and HPI Forecast for August 2017, which shows US home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 per cent from August 2016 to August 2017, and on a month-over-month basis, home prices…
