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US New Home Sales, House Prices July and Softwood Lumber Prices August: 2021
The U.S. Census Bureau and the US Department of Housing and Urban Development released July 26 new home sales and house price data. New home sales comprise 10% of real estate activity and are considered a leading housing market indicator as they are recorded when contracts are signed. Benchmark Softwood Lumber Prices August and US…
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Softwood Lumber Imports to US from Canada: Duty Rates Increase
Certain Softwood Lumber Products From Canada: Notice of Court Decision Not in Harmony With the Final Results of Countervailing Duty Expedited Review; Notice of Rescission of Final Results of Expedited Review; Notice of Amended Cash Deposit Rates As we know, the US Administrative Review of softwood lumber duties on imports from Canada this past spring…
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Supply-Demand Balance Achieved as Lumber Prices Seem to Hit Bottom
August 20, 2021 — While there were some construction framing dimension softwood lumber prices that continued to drop for the week ending August 20, several prices were flat while others actually popped up. Many in the industry suggest a combination of correction with the supply-demand balance, and eager customers returning to buy after holding off…
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US Housing Starts JULY & Softwood Lumber Prices AUGUST: 2021
After a healthy increase in June, US total housing starts for July 2021 fell by -7% to a seasonally adjusted annual rate of 1.534 million. For July 2021, total residential starts in the US increased by +6% from the same month one year ago, when it was 1.048 million. US Housing Total and 1-Unit Starts…
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Some Lumber Prices Rise Again While Others Drop Slightly
August 13, 2021 — The big softwood lumber market correction of summer 2021 continued, however the drops in some benchmark lumber prices slowed while others corrected upward yet more. Underpinning overall market conditions was ongoing quite strong US construction activity and very severe wildfires in the important timber supply baskets of British Columbia and the…
