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BC Coast Log Prices: August 2019
There are many developments on so many fronts for the North American forest products industry. Below is a small recap. KEY POINTS: • Softwood lumber prices moderate to levels reasonable when compared to cost-of-production, but the threat of reduced timber supply rushed to the forefront as 230 unloaded logging trucks arrived in convoy directly to…
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US Existing Home Sales: August 2019
The August median sales price of all existing homes was US$278,200, up +4.7% from a year ago, representing the 90th consecutive month of year-over-year increases. The median existing condominium/co-op price of US$257,600 in August was up +5.2% from a year ago.
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US Housing Data Mixed, Softwood Lumber Prices Strengthen Further
The mix of different types of building that make up the critical US housing market have changed drastically since the epic US home building crash of September 2006. While all acknowledge that the statistics will not soon — or ever — again be at 2.5 million housing starts annualized, there are many and varied interpretations…
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US Existing Home Sales: August 2019
Boosted by low mortgage rates, US existing home sales, released by the National Association of Realtors (NAR), rose to 17-month high in August. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed +1.3% to a seasonally adjusted annual rate of 5.49 million in August, the largest gain since March 2018. On a year-over-year…
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Softwood Lumber Price Movements Remain Cryptic: 3Q 2019
The first full back-to-work / school week for September 2019 did not bode well for North American construction framing softwood lumber prices, said Madison’s Lumber Reporter Monday.While wholesaler prices of many wood home building materials stayed flat, and there were two panel mill and one sawmill curtailment announcement, overall demand was not encouraging for an…
