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Softwood Lumber Prices Moderate Nicely, Truck Loggers Descend on Vancouver, BC
Drama unfolded large in downtown Vancouver, BC, last week, where was being held the Union of British Columbia Municipalities annual meeting. Mayors and political leaders from across the province were greeted by a convoy of 230 unloaded logging trucks arriving Friday morning to large crowds of surprised, and cheering, onlookers. The issue of reduced timber…
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BC Coast Log Prices: August 2019
There are many developments on so many fronts for the North American forest products industry. Below is a small recap. KEY POINTS: • Softwood lumber prices moderate to levels reasonable when compared to cost-of-production, but the threat of reduced timber supply rushed to the forefront as 230 unloaded logging trucks arrived in convoy directly to…
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US House Prices: July 2019
Softwood lumber prices are a good forward indicator of US home buying activity and house prices. Lumber prices are published every week for that week; housing data comes out monthly with a 2 to 3 month lag. — Madison’s Lumber Prices In July, national home prices in the US continued to grow at the same…
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US Price-to-Rent Ratio: July 2019
In real terms, US house prices are back to late 2004 levels, and the price-to-rent ratio is back to late 2003, early 2004.
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US New & Pending Home Sales: August 2019
Data released Thursday shows contracts for new, single-family home sales in the US increased in August by +7.1% to a 713,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. For it’s part, the Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), rose +1.6% from 105.6 in…
