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US Home Ownership Rate, Price-to-Rent Ratio
According to Census Bureau’s Housing Vacancy Survey, the US homeownership rate dropped to 62.9 per cent in 2Q 2016, according to Eye on Housing Tuesday. Elsewhere, on a price-to-rent basis, the Case-Shiller National index is back to July 2003 levels, the Composite 20 index is back to June 2003 levels, and the Core– Logic index…
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NAHB Analysis: Potential Softwood Lumber Duty Impact
“Even Modest Cap on Canadian Lumber Threatens 8,900 U.S. Jobs” “15% Tariff on Canadian Lumber Would Cost 4,666 U.S. Jobs” Tariff on Canadian Lumber Would Cost US Jobs National Association of Home Builders LINK Recent NAHB estimates show that a 15 per cent tariff on softwood lumber imported from Canada would have resulted in a…
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India and Wood Products
Nearly 75 per cent of Myanmar’s timber trade is illegal, accounting for an estimated US$6 billion, according to the Myanmar Times. The majority of this timber has been exported to China, Thailand, and India — without processing. In the last 14 years, 8 million cubic metres of wood was traded without the permission of the…
