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Softwood Lumber Tariff and US Housing
The conversation shifted slightly this week; or perhaps more correctly expanded, from specifics of assignation of US duties on imports of Canadian softwood lumber to the effects of that on a tenderly burgeoning US home building industry. Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a…
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New USTR Appointment Passes Senate
One of many, many outstanding questions on the new Canada-US softwood lumber dispute was answered Friday morning when the US Senate approved US President Donald Trump’s appointment of US Trade Representative. The upper chamber voted with a large bipartisan majority Thursday to approve Robert Lighthizer, which gives the administration its U.S. trade representative and allows…
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Madison’s Forest Pulse : 1Q 2017 Forest and Timber Analysis
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Canada Considers Retaliatory Trade Actions Against the Latest US Softwood Lumber Duties
BREAKING NEWS MID-DAY FRIDAY: The Canadian government has found several Oregon business-assistance programs it says may constitute illegal subsidies. It is considering a process that could lead to retaliatory duties on imports from that state’s products, such as plywood, flooring, wood chips, packaging material and wine, according to several mainstream news sources mid-day Friday. Prime…
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US New and Pending Home Sales: March 2017
US sales of new homes shot up in March to the fastest pace in 8 months, the Commerce Department said April 27. Meanwhile according to the National Association of Realtors Friday, US pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply…
