Tag: NYSE: PHM

The North American softwood lumber market continued it’s inexorable slide downward toward year-end last week, with prices even further lowered over the week before. After a wild ride into the stratosphere over the summer of 2018, the supply-demand balance corrected sharply in favour of buyers. Manufacturers of solid wood construction framing materials in Canada and…

Madison’s finds it difficult to convey precisely the level of deep shock at the surprise raid of RISI‘s European offices by securities officials in January 2018. The details are very ugly, and shed light on some extremely serious credibility issues: By CPI on January 16, 2018 “In a statement to the markets, Euromoney confirmed that…

A sudden uncertainty has arisen for the North American forest products industry, in the form of a possible labour disruption in British Columbia. As announced last week by Madison’s, the United Steelworkers issued strike notice which could affect several BC sawmill operations. Workers have been without a contract since July: https://madisonsreport.com/2018/10/04/united-steelworkers-issue-strike-notice-to-northern-british-columbia-sawmills/ Now, the latest news…

Further to our story last week about recent changes in the US housing market, it seems that — as the US real estate market continues to recover from the epic crash of 2006 — currently foreclosed homes are appreciating faster than the typical US home. According to MarketWatch Monday, homes that were foreclosed on during…

This was a week with a lot of important news coming out: Canada signed the USMCA, which does not mention softwood lumber but does renew the very important Chapter 19 dispute resolution mechanism, the United Steelworkers issued strike notice to northern British Columbia sawmill operators, and the latest news on US home building and sales…