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Flurry of Latest Data Spells Higher Home Prices, Fewer Sales: USA Full-Year 2018
Home sales in the US slumped in December 2018, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin Tuesday, said Bloomberg.The median home price rose to US$289,800 in December, a gain of +1.2%, the slowest monthly pace since…
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Softwood Lumber Futures At a $45 Premium to Cash Prices: Jan 2019
For the other large volume-traded softwood lumber commodity, this week’s Southern Yellow Pine East Side 2×4 #2&Btr KD prices are down $126 (-24.85%) relative to the 1-year rolling average price of US$507 and down $99 (-20.63%) relative to the 2-year rolling average price of US$480 mfbm Canadian and US construction framing dimension softwood lumber wholesaler…
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Softwood Lumber Futures At a $45 Premium to Cash Prices: Jan 2019
Wholesaler prices of benchmark dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr continued improvements over the previous week, after bottoming-out to astonishing lows in 2018, to close last week at US$346 mfbm, a $8 or +2.3% pop from the week before. Trading for the May contract on the Chicago Mercantile Exchange was at the…
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Canada’s Two Major Railways Well-Poised for Further Increased Traffic 2019
Last week, the Canadian Transportation Agency flexed its newly enhanced authority under the 2018 Transportation Modernization Act and launched an investigation into whether rail companies are fulfilling their obligations following industry complaints, with hearings set for next week.In an email to Globe and Mail, Canadian National Railway acknowledged the recent congestion on the West Coast.…
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Vancouver Port, St. Lawrence Seaway Plan Expansions After Volumes Increase
The DP World facility, situated near Vancouver in British Columbia, Canada, is one of three container terminals at the Port of Vancouver, accounting for 20% of its total freight movement, according to Port Technology Monday.In order to increase its annual container handling capacity from 900,000 TEU to 1.5 million, a project has been launched to…