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Softwood Lumber Prices and Market Update: Sept 2021 (video)
After dropping all summer, lumber prices started coming back up a little bit around Labour Day: For the week of September 24, 2021 the price of benchmark softwood lumber item Western S-P-F 2×4 #2&Btr KD (RL) rose to US$510 mfbm, a +$30, or +6%, increase from the previous week when it was $480. That week’s…
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Softwood Lumber Prices Rise Further
As the end of September approached the demand and sales of construction framing dimension softwood lumber commodities improved significantly, enough for prices to rise somewhat. This is an unusual time of year, after Labour Day, for solid wood building material prices to be rising. However, the current trend does echo the price movement of last…
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Lumber Prices Flatten as Sales Volumes Continue to Rise
Lumber end-users and resellers alike shed their reluctance of the past few months to make purchases, as prices have returned to what would be considered historically “normal” levels. Once again lumber inventories were extremely lean, as those who could wait to buy wood did so. The previously stratospheric price levels of spring were a long-distant…
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US New Home Sales, House Prices August and Softwood Lumber Prices September: 2021
The U.S. Census Bureau and the US Department of Housing and Urban Development released September 24 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. Continuing to recover after slight drops in…
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Canada and US Railcar Loadings: September 18, 2021
The Association of American Railroads (AAR) reported September 22 US and Canadian rail traffic volumes for the week ending September 18, 2021. US railroads originated 234,790 carloads and 270,832 intermodal units for the week ending September 18, 2021, up +3.5% and down -8.5% respectively from the same week last year. Total combined US rail traffic…
