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As Demand Resurges Softwood Lumber Prices Recover
Just unbelievable for this time of year and if someone had predicted it a month ago they would have been met with derisive laughter, but lumber prices were actually up last week as demand increased. This is absolutely unprecedented for the week before US Thanksgiving and sawmills simply do not have enough wood in their…
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US House Prices: 3Q and Oct 2020
US house prices rise by the most since 1991 as US mortgage lenders record their biggest quarter in two decades To see the latest data on softwood lumber prices and US housing starts please go here. The median price for previously owned homes has hit a new record at US$313,000, up +16% from a year…
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US Housing Starts & Softwood Lumber Prices: October and November 2020
US Housing Total Starts October 2020 & Benchmark Softwood Lumber Prices November 2020 New home building in the US surged up by +5% to an annual rate of 1.530 million in October 2020 after soaring by +6.3% to an upwardly revised rate of 1.459 million in September. As in previous months, the increase was driven…
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US Housing Starts: Oct 2020
The latest housing starts report by the US Commerce Department, released Wednesday, said new home building in the US surged up by +5% to an annual rate of 1.530 million in October 2020 after soaring by +6.3% to an upwardly revised rate of 1.459 million in September. US housing starts continue to defy expectations in…
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Canada Housing Starts: Oct 2020
The trend in Canadian housing starts was 222,734 units in October 2020, up from 214,372 units in September 2020, according to Canada Mortgage and Housing Corporation (CMHC) Tuesday. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. Canadian housing starts rose +3% in October compared with the…
