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US Home Price Appreciation: June 2019
National home price appreciation in the US continued to slow in June. Three metro areas, including New York, Miami and Seattle, experienced home price declines for the month. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices Thursday slowed to a 1.9% seasonally adjusted annual growth rate in June, from 2.4% in May.…
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Softwood Lumber Prices Bounce Prior to Labour Day
“But for how long?”, asked Madison’s Lumber Reporter Tuesday as the ups-and-downs of North America construction framing softwood dimension lumber prices for 2019 remain baffling. A good look at the latest US housing starts and home sales data — coming this week from Madison’s — shows continued strong increases. Indeed, US ‘homes for sale inventories’…
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Western Spruce-Pine-Fir KD 2×4 #2&btr wholesaler price this week: Up +$6 to US$376 mfbm (net FOB #sawmill)
Western Spruce-Pine-Fir KD 2×4 #2&btr wholesaler price this week: US$376 mfbm (net FOB #sawmill) Wholesaler price of benchmark North American #construction framing #softwood dimension #lumber item Western Spruce-Pine-Fir KD 2×4 #2&btr rebounds +1.6%, or +$6, this week: to US$376 mfbm (net FOB #sawmill) from $370 last week. #building #housing #woodhttps://madisonsreport.com/lumber-prices/
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Lumber Industry Hoping for Improved Sales in September
The price of benchmark lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr last week gained $4, or 1.2%, to close the week at US$346 mfbm compared to $342 the week before.
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US Housing Starts: July 2019
According to estimates from the US Housing and Urban Development and the US Commerce Department, total housing starts in the US were down -4% in July, but that decline was concentrated in the multifamily sector as forward-looking rental demand softened on gains for for-sale housing affordability.Multifamily starts (2+ unit production) were off -16% in July,…
