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Softwood Lumber Prices Pop During Usual Seasonal Slow-Down
At this time of year it is usual for softwood lumber prices to be lowering, as end-users would be stocked-up on inventory needs for ongoing building projects, and sawmills would be slowing down as normal seasonal closures and curtailments come into effect. However, this year — having largely stopped production during spring as industry responded…
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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: MARCH 2020
For the first three months of 2020 softwood lumber production in the US improved further compared to one-year-ago, increasing on the previous month’s rise, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. For January to March 2020 US lumber production volume increased by another +5.2% to 9,161 mfbm compared to…
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Madison’s Weekly Softwood Lumber Prices
Key softwood lumber market weekly comment: “Even the Canadian and American national holidays couldn’t slow down red hot demand in the market this week.” https://madisonsreport.com North America Construction Framing Dimension Softwood Lumber Prices updated July 6, 2020 (CLICK TABLE TO ENLARGE)
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Canada and US Railcar Loadings: June 2020
The US Association of American Railroads (AAR) Friday reported US rail traffic for the week ending June 27, 2020, as well as volumes for June 2020. US railroads originated 794,256 carloads in June 2020, down -22%, or 228,975 carloads, from June 2019. US railroads also originated 1,004,933 containers and trailers in June 2020, down -7%,…
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US Construction Spending: May 2020
Outlays for construction projects in the US fell -2.1% in May at a seasonally adjusted annual rate of US$1.36 trillion, the Commerce Department reported Wednesday. Residential construction fell -3.9% in May, while spending on public construction projects rose +1.2%. Spending in April was revised to a -3.5% fall from the prior estimate of a -2.9%…