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Canada and US Railcar Loadings: March 2021
Total US carload traffic for the first 3 months of 2021 was 2,911,097 carloads, down -2.6%, or 77,267 carloads, from the same period last year; and 3,619,546 intermodal units, up +13.2%, or 421,513 containers and trailers, from last year. The Association of American Railroads (AAR) reported April 7 US and Canadian rail traffic volumes for…
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US New Home Sales Feb, House Prices Jan, and Softwood Lumber Prices March: 2021 (video)
Home prices across the US surged more than +10% in December, indicating a strong demand in the housing market. According to the S&P CoreLogic Case-Shiller Indices, home prices continued the trend of accelerating that began in Summer 2020 as the coronavirus pandemic drove people from urban apartments to buy suburban homes.
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Lumber Price and Value Against Economic Indicators
People are asking about lumber prices adjusted for inflation, I did a graph for panel (plywood and OSB), read more here: In terms of lumber price value against economic indicators: “Price of Lumber in BTC, WTI Crude OIL Barrels (gas bills), Gold and Silver ounces and construction coconspirator – Dr Copper. Looks like BTC absorbed…
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Astonishment Reigns Throughout Industry as Lumber Prices Go Higher
As stated in previous updates, North American construction framing dimension softwood lumber prices are reaching ever higher, to the point that the most veteran industry players can’t believe it. The Easter long weekend is usually a good indicator of where the lumber market is at; a minimum 4 days off in Canada provides understanding as…
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US Housing Starts Feb & Softwood Lumber Prices March: 2021
Most of North America remained in the grip of truly harsh winter weather last month, so it’s no surprise that February housing starts in the US continued drops seen in January. Compared to February 2020 total residential starts in the US last month fell by -9.3% to a 1.42 million annualized rate, from 1.57 in…
