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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…
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North American Sawmill Capacity Utilization, Lumber Production: July 2018
US #softwood #lumber production dropped by -2.8 per cent in July compared to the month prior but grew +5.4 per cent from July 2017, according to statistics from the Western Wood Products Association’s Lumber Track. US lumber production totaled 2,905 million board feet (MMBF) in July. For the first seven months of 2018, US production…
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US New Housing Starts: September 2018
Total housing starts in the US posted a decline in September due to flat conditions for single-family construction and a pullback for apartment development. Total starts declined 5.3% in September but are 6.4% higher for 2018 on a year-to-date basis, according to the joint data release from the Census Bureau and HUD. The pace of…
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Sawmill Curtailments
There have been sawmill closures and curtailments announced in the past week, some due to log supply issues some due to North American softwood lumber market conditions: Western Forest Products Sawmill in Ladysmith, BC, has been shut down since September 21 when a log shortage sparked by this summer’s wildfires emptied out all of its…
