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Railway Carloads, Forest Products: Canada and USA Oct & FY 2018
In data released just Thursday, railway carloads of forest products in Canada are down somewhat in October 2018 compared to one year ago. US data, meanwhile, out for full-year 2018, also shows a decrease in forest products moving on railways. Both countries had substantial reductions in 2018 from 2016 volumes of railway carloadings for wood…
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Year-End Arrived as North American Forest Industry Closed 2018 Smoothly
NORTH AMERICA LUMBER MARKET OVERVIEW: Dec 2018 This wacky year ended smoothly for North American forestry operators, as the usual seasonal curtailments, maintenance shutdowns, and inventory control took place at the end of December 2018. Prices on most construction framing softwood lumber commodities stayed flat from the previous week, or moderated downward slightly. Most players…
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US Housing Inventory Tracking: Nov 2018
Watching inventory helps understand the housing market: US housing for sale inventory, on a national basis, was up +2.8% year-over-year (YoY) in October, this was the third consecutive YoY increase, following over three years of YoY declines, explained Calculated Risk Tuesday. Elsewhere, Zillow data shows the number of available homes increased by +3% year-over-year, making…
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US Existing Home Sales: Nov 2018
EUS existing-home sales increased in November, according to the National Association of Realtors® Wednesday, marking two consecutive months of increases. Three of four major US regions saw gains in sales activity last month. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased +1.9% from October to a seasonally adjusted rate of…
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US Housing Starts: Nov 2018
The pace of single-family starts in the US declined for the third consecutive month as housing affordability concerns continue to weigh on the home construction market, according to a joint data release from the US Census Bureau and HUD Tuesday. Total starts posted a +3.2% increase due to gains for multifamily development. The November rate of…
