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Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators
This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There…
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US New Home Sales: Sept 2019
Contracts for new, single-family home sales in the US inched down -0.7% in September to a 701,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off a downwardly revised August estimate, which was decreased from an initial reading of 713,000 to a new…
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US Existing Home Sales, House Prices: Aug & Sept 2019
After reaching 17-month high last month, existing home sales in the US, released by the National Association of Realtors (NAR) Tuesday, fell more than expected in September 2019 despite low mortgage rates. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, dropped -2.2% to a seasonally adjusted annual rate of 5.38 million in September.…
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Softwood Lumber Prices Moderate Downward Over One-Month-Ago
Last week Western Spruce-Pine-Fir KD 2×4 #2&Btr rose +$2 to close at US$370 mfbm. Last week’s price is -$12 less than it was one month ago. However compared to one year ago, when it was US$356 mfbm, this price is up +$14, or almost +4%. In a time when literally no one knows what is…
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Province Specific Impacts of the 2006 United States-Canada Softwood Lumber Agreement: A Seemingly Unrelated Regression Approach
In November 2016 Madison’s was co-author of an economics study on the impacts of the 2006 Canada-US Softwood Lumber Agreement on each of Canada’s provincial forest industries: The full report “Province Specific Impacts of the 2006 United States-Canada Softwood Lumber Agreement: A Seemingly Unrelated Regression Approach” is available for a small fee here: https://www.sciencedirect.com/science/article/pii/S1389934117303209 AbstractIn…
