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US Home Builder Confidence, Home Equity: June & 1Q ‘17
Builder confidence in the market for newly-built single-family homes in the US weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Thursday. Elsewhere, according to the Federal Reserve Board’s 1Q 2017…
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US Housing Starts: May 2017
Total housing starts in the US declined in May after a few, strong early months to begin 2017. Total starts were down 5.5 per cent, falling to a 1.092 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Declines were recorded for both single-family and multifamily…
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US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA
US lumber production increased 10.7 per cent in March compared to the month prior but declined 0.5 per cent from March 2016, according to statistics from the Western Wood Products Association’s Lumber Track. Production totaled 2.941 billion board feet (BBF) in March. Production in the West jumped 14.9 per cent over February, while output in…
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Canada and US Softwood Lumber Update: 1Q ‘17
New data this week out of Statistics Canada, on Canadian softwood lumber production and sawmill sales, as well as from the US Department of Commerce, on US coniferous wood imports and exports, give an excellent update to the economic state of the North American forest products industry for 1Q 2017. According to figures Wednesday from…
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Canada’s Lumber Market Forecast: Conference Board
Following its strongest showing in three years, production growth in Canada’s wood products industry is expected to moderate significantly in 2017 due to the incoming US trade restrictions on Canadian softwood lumber, according to The Conference Board of Canada’s Canadian Industrial Outlook: Canada’s Wood Products Manufacturing Industry, released Friday. Canada’s wood products manufacturers will see…
