-
US Home Sales, Housing Prices: 4Q 2018
House-for-sale inventory in the US increased in 4Q 2018, and metro market prices rose at a slower pace, according to the latest quarterly report by the National Association of Realtors® (NAR), released Tuesday. The national median existing single-family home price in the quarter was US$257,600, up +4% from 4Q 2017 when it was US$247,800. Single-family…
-
Softwood Lumber Prices Continue Rising As Transportation Problems Hamper Sawmill Deliveries: Feb 2019
The spectacular rebound of North American construction framing dimension softwood lumber prices in the first week of February continued last week as prices rose yet further in response to transportation problems, mostly on the Canadian railways. Severe weather hit many parts of Canada and the US, causing delays of shipments from softwood lumber suppliers. Customers,…
-
US Housing Starts Will Decide How Long Lumber Rally Lasts – Barron’s
Lumber prices have made quite a comeback this year, climbing by +25% in January and nearly erasing the decline suffered in 2018, as the market gets a boost in demand ahead of the spring building season, said Barron’s Friday. Looking ahead, however, analysts urge caution. The lumber market looks overbought and shares some similarities with…
-
Conifex Curtails, Georgia-Pacific Closes
Conifex Timber, out of Vancouver, BC, announced February 4 that it is temporarily curtailing sawmill operations at its Fort St. James, British Columbia, sawmill for three weeks, said the Vanderhoof Omineca Express. Volatile lumber prices have forced Fort St. James sawmill to curtail its operations. A total of 150 production employees have been impacted by…
-
US Housing Market and MacroEconomy
The housing market represents about 15 percent to 18 percent of US GDP, said Lindsey Bell, Investment Strategist at CFRA, citing figures from the National Association of Home Builders.
