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Western-Spruce-Pine-Fir #3/Utility Prices Surge: Feb 3, 2020
Madison’s Lumber Reporter has received several inquiries over the past couple of weeks about the reasons behind the sudden surge in #3/Utility grade Western-Spruce-Pine-Fir dimension softwood lumber prices. After connecting with industry, Madison’s discovered these lumber market conditions: Sales volumes cruised along at a “great pace” this week for Canadian producers of Western-Spruce-Pine-Fir softwood lumber…
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US Commerce Dept Preliminary Ruling Significantly Lowers Canada’s Softwood Lumber Duty
As the Softwood Lumber Dispute V file winds it’s way through the usual US domestic as well as international trade court tribunals, a preliminary ruling Monday from the US Commerce Dept brings a sharp reduction in the duty rates paid on Canadian softwood lumber entering the US. All companies named, as well as the group…
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US Commerce Dept Preliminary Determination Lowers Canada’s Softwood Lumber Duty Rate Significantly
February 3, 2020, the U.S. Department of Commerce released its preliminary determination for the First Administrative Review (AR1) in antidumping duty (AD) and countervailing duty (CVD) investigations of imports of certain softwood lumber products from Canada. The final determination by the US Commerce Dept on Canada’s softwood lumber duty rate will be in August. At…
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Construction Framing Dimension Softwood Lumber Price Pop Up This Week
Updated for subscribers Friday morning 8:30am Eastern Time, Madison’s weekly North American softwood lumber prices move up this week as good housing construction weather continues in various densely-populated parts of the US and Canada. Another week of strong softwood lumber demand capped off an encouraging first month of 2020. https://madisonsreport.com Inventories of dimension lumber and…
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US House Prices vs Construction Framing Softwood Lumber Prices: 4Q 2019 and Jan 2020
Home-price growth in the US accelerated in November 2019, in the latest sign the home-sales market is picking up steam after a slow start to 2019. The S&P CoreLogic Case-Shiller National Home Price Index rose +3.5% in the 12 months to November, up from a +3.2% annual pace the prior month.National home price gains coincide…