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Lumber Prices Rebound as Demand Improves
August 27, 2021 — Many customers had been waiting on the sidelines over this summer before making their lumber purchases, to see when prices would hit bottom. As it became apparent over the past two weeks that prices were on their way back up, the bulk of the market stepped in to commit to purchases.…
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US Housing Starts, Permits July and Lumber Prices Aug: 2021 (video)
Is the softwood lumber supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often: For July 2021, total residential starts in the US improved by +2.5% from the same month one year ago, and dropped by -7% from June 2021. Indicating strong construction activity still to come for this…
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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…
