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US Spending on Residential Improvements: Feb 2019
The most recent data, released Tuesday, from Construction Spending showed that spending on US residential improvements fell to a seasonally adjusted annual rate of US$173 billion in March 2019, -14.1% lower than a year ago. RA very important segment to sawmills and lumber manufacturers, residential Improvement Spending in the US has experienced weakness after reaching the peak of…
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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: February 2019
The latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-February 2019, shows a +2.1% increase in US softwood lumber production volume, to 5,780 mmfbm, compared to 5,659 million board feet (mmfbm) for the first two months of last year. There was a +3.3% increase for full-year 2018. January – February softwood…
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Softwood Lumber Prices Slowly Recover from Recent Lows: May 2019
Some wholesaler (net FOB sawmill) standard construction framing dimension softwood lumber prices rebounded slightly last week from recent lows, while most prices remained flat from the end of April. While reasonable amounts of wood are being traded, demand could hardly be regarded as lush. Sellers, whether producers or secondary suppliers, had plenty of lumber commodity…
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US Existing Home Sales: Sept 2018
US existing home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy, said the National Association of Realtors Monday. Existing home sales dropped 3.4 percent to a seasonally adjusted annual rate of 5.15 million units last month. Home sales have…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Oct 22, 2018
In week ending Oct.17, 2018, Western Spruce-Pine-Fir 2×4 #2&Btr KD S4S (RL) prices averaged $356 USD/MBF, a decrease of $10 (2.73%) from last week. This week’s price $70 (16.43%) less than it was one month ago. Compared to one year ago, prices are down $90 (20.18%). This week’s WSPF 2×4 #construction #framing #softwood #lumber prices…
