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US Housing Prices, Inventory: Oct 2018
In September, US national home prices continued to rise but at a slower pace. Moreover, two metro areas experienced home price declines in September. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 4.6% in September, slower than the 6.9% increase in…
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US New, Existing, and Pending Home Sales: Oct 2018
Sales of new single‐family US houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly Wednesday by the US Census Bureau and the Department of Housing and Urban Development, Wednesday. Although weak, this was only a little below the initial report for September of 553,000 (now revised…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: NOVEMBER 2018
Happily the hunger for wood following an extended US Thanksgiving long weekend holiday was strong enough to push prices on many North American construction framing lumber prices up. Demand, which had been muted to minimal on plump inventories and slowing construction projects, came back somewhat robustly that week. Sawmills were boasting growing order files, at…
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Sawmill Accident, British Columbia
A worker at the Chasm Sawmill, British Columbia, division of West Fraser was buried to about head or chest depth in a wood shavings bin area and needed to be rescued, according to a WorkSafeBC report, said the Columbia Valley Pioneer Friday. The incident was not immediately reported to the Board and between the time…
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US Housing Starts, Existing Home Sales: Oct 2018
US home construction improved a slight +1.5% in October, but ground breaking for single-family houses fell. The US Commerce Department said Tuesday US housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in September. The gains came entirely from apartments. Starts for single-family houses slipped -1.8% last month.…
