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US Real Estate Market: 1Q 2018
Read more: US Real Estate Market: 1Q 2018For full-year 2017, US homeownership rose to 64.2%, according to the Harvard Joint Center‘s just-released State of the Nation’s Housing report for 2018. The uptick is the first in 12 years and a dramatic turnaround in the homeowner market. The percentage of Americans who own their homes peaked at more than 68% in 2005 before…
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US Housing Starts, Home Sales, House Prices, Inventory: May 2018
Read more: US Housing Starts, Home Sales, House Prices, Inventory: May 2018Total housing starts in the US increased in May with gains in both the single-family and multifamily sectors. Starts increased +5% month-over-month to a 1.35 million seasonally adjusted annual rate, according to a joint data release June 19 from the US Census Bureau and HUD. This pace is a post-recession high. The rate of single-family…
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British Columbia Coastal Log Prices, Monthly: 2013 to May 2018
Read more: British Columbia Coastal Log Prices, Monthly: 2013 to May 2018Your weekly North American softwood lumber and panel price guide, Madison’s Lumber Reporter, is delighted to announce a brand-new data set to help keep the Canadian and US forest products industry informed and up-to-date on the latest data and market information. British Columbia Coastal Log Prices, Monthly: 2013 to May 2018 The information tool for…
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It’s a Brand-New, Uncharted World for Softwood Lumber Prices
Read more: It’s a Brand-New, Uncharted World for Softwood Lumber PricesA waffling North American softwood lumber market started to settle down last week, as the Madison’s price graphs showed in our previous issue. On May 2 this year, Madison’s took the bold step — and one we do not tread upon lightly — of declaring a new floor on prices of benchmark North American softwood…
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US Construction Jobs Openings: March 2018
Read more: US Construction Jobs Openings: March 2018The count of unfilled jobs in the US construction sector was effectively unchanged in April, remaining near post-Great Recession high levels. According to the US Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) and National Association of Home Builders’ analysis, released June 5, the number of open construction sector jobs came…
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Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing
Read more: Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing A huge sell-off of futures this week took no one by surprise, then on Thursday a reversal to positive trades brought settlement this week to approximately US$555 but on minimal volume. In cash, prices wallowed at close to last week’s levels, with significant adjustments on some specific items as price sheets stabilized. The long-awaited…
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North America Softwood Lumber Production, Sawmill Capacity: March 2018
Read more: North America Softwood Lumber Production, Sawmill Capacity: March 2018Softwood lumber production in Canada dropped -2.4% in January to March 2018, from 7,249 million board feet to 7,074 mmfbm for the same time last year, said the Western Wood Products Association’s monthly Lumber Track Wednesday, In the US, softwood lumber production increased by +2.7%, at 8,557 million board feet versus 8,333 million the first…
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Canadian International Merchandise Trade: Annual Review 2017
Read more: Canadian International Merchandise Trade: Annual Review 2017On June 6 Statistics Canada released data showing, on a quarterly basis, the value of Canadian exports of lumber and other sawmill and millwork products declined in 1Q (-2.2%) and 3Q (-6.4Â %)Â 2017. Canadian export values of softwood lumber fluctuated substantially throughout 2017, as softwood lumber duty rates and coverage varied, said StatsCan. The modest increase…
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Canada Building Permits, Construction Investment: April and 1Q 2018
Read more: Canada Building Permits, Construction Investment: April and 1Q 2018Canadian municipalities issued $7.8 billion worth of building permits in April, down -4.6% from March, said Statistics Canada June 6. Declines were reported in every component except commercial buildings. In the residential sector, the value of permits issued by municipalities fell 4.3% to $5.1 billion in April. Five provinces posted declines led by British Columbia. In the multi-family dwelling…
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Madison’s Lumber Reporter Next Generation: Order Now!
Read more: Madison’s Lumber Reporter Next Generation: Order Now!Madison’s is your premiere source for softwood lumber news, prices, industry insight and industry contacts. We have a variety of products to meet your information needs including: Madison’s Lumber Reporter ** ORDER IT TODAY** DON’T DELAY >>> http://forest2market.com/madisons-lumber-reporter Added value for subscribers includes access to historical data and the ability to filter and download data…
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Politics Upends the Lumber Market
Read more: Politics Upends the Lumber MarketThe unprecedented turned to the frankly surreal last week as Canada placed retaliatory duties on a wide range of US imports, including wood and paper products. The latest trade data, meanwhile, shows quite a glowing picture of product sales across the Canada-US border for 1Q 2018. Current Softwood Lumber Prices Compared to Recent and Historical…
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Canada Sawmill Production: March 2018
Read more: Canada Sawmill Production: March 2018Lumber production in Canada rose +11.4% in March from February, to 5,898 thousand cubic metres of lumber, according to the latest update from Statistics Canada Monday. Production was -5.2% lower than in March 2017. Sawmills shipped 5,393 thousand cubic metres of lumber in March, up +10.5% from February and -7.6% lower than in March 2017.
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US Home Sales, Housing Inventory: March & April 2018
Read more: US Home Sales, Housing Inventory: March & April 2018US pending home sales fell 1.3% to a reading of 106.4 in April, the National Association of Realtors said Thursday. NAR’s index of pending home sales hit a three-month low in April. The index tracks real-estate transactions in which a contract has been signed, but the transaction hasn’t closed. Meanwhile, in April, existing home sales…
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Canada Puts Duties on US Wood Products Imports
Read more: Canada Puts Duties on US Wood Products Imports**edited headline to read “Wood Products” not “Softwood Lumber” As if this uncharted new territory of the current North American lumber market and prices wasn’t confusing enough, Thursday Canada put duties on a wide range of US imports, including some wood products. Canada intends to impose surtaxes or similar trade-restrictive countermeasures against up to C$16.6…
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Sawmill Fatality
Read more: Sawmill FatalityA worker was found pinned between a wood loader and a bundle of wood at the Rayonier Advanced Materials’ Chapleau, ON, facility, said Northern Ontario Business Monday. Two Ministry of Labour inspectors attended the scene. The industrial plant employs 150 people in Chapleau. “Rayonier Advanced Materials family suffered a tragic loss today at its Chapleau…
