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US Single-Family Building Permits: July 2019
Over the first seven months of 2019, the total number of single-family permits issued in the US year-to-date nationwide reached 496,726. On a year-over-year basis, this is a -4.7% decline over the July 2018 level of 521,438. Year-to-date to July 2019, single-family permits reported declines in all four regions, said the US National Association of Home…
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Economist Analysis of Current Lumber Market
Below are some cogent thoughts on the current lumber market today, from an economist at Seeking Alpha:https://seekingalpha.com/article/4291207-lumber-sits-waits-wood-follows-price-futures “Lumber is just below its midpoint for 2019“, Seeking Alpha. So far in 2019, the price of nearby lumber futures has traded on the Chicago Mercantile Exchange in a range from US$286.10 to US$453.90 per 1,000 board feet.…
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US Building Materials Prices: August 2019
Prices paid for goods used in residential construction in the US decreased by 0.8% in August (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics, said the National Association of Home Builders Eye on Housing Tuesday. Building materials prices in the US have declined an average of 0.1%…
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US Construction Jobs Openings: July 2019
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that US construction job openings increased in July, after a declines off a cycle high count for April, said the National Association of Home Builders Eye on Housing Tuesday. The estimated number of US job openings in the construction sector increased to 373,000 in July…
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Softwood Lumber Price Movements Remain Cryptic: 3Q 2019
The first full back-to-work / school week for September 2019 did not bode well for North American construction framing softwood lumber prices, said Madison’s Lumber Reporter Monday.While wholesaler prices of many wood home building materials stayed flat, and there were two panel mill and one sawmill curtailment announcement, overall demand was not encouraging for an…
