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Madison’s Monthly Wood Pellet Update Now on Canadian Biomass Website
In addition to Madison’s weekly #lumber price update on the Canadian #Forest Industries website:https://www.woodbusiness.ca/traders-abandon-offices-for-summer-holidays-as-lumber-prices-slip-further-downward/ Madison’s is now also providing monthly wood pellet price updates to Canadian Biomass Magazine news: https://www.canadianbiomassmagazine.ca/woody-biomass-consumption-on-downward-trend-in-us-eia/
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US Existing Home Sales: June 2019
The June median sales price of all existing US homes reached a record high of US$285,700, up +4.3% from a year ago, representing the 88th consecutive month of year-over-year increases. The median existing condominium/co-op price of US$260,100 in June was up +2.8% from a year ago. Total existing home sales in the US, released by…
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US Apartment Absorption Rate: 4Q 2018
In 4Q 2018, the building of 56,950 apartment units in the US was completed, an -18% decline from 4Q 2017, when it was 69,640 units. (Figure 1 below). Apartment completions in 4Q 2018 were at their lowest point since 4Q 2013. These data come from the US Census Bureau, in collaboration with the US Department…
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US Housing Starts: June 2019
According to estimates from the US Housing and Urban Development and Commerce Department Wednesday, single-family housing starts in the US improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. Privately‐owned housing starts in June were at…
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Muted Demand Keeps Softwood Lumber Prices Low as Futures Tank
Until Tuesday all eyes were on trading of softwood lumber futures on the Chicago Merchantile Exchange. The July contract closed Monday unchanged at $360. By Tuesday morning the September contract down $12 and trading at $336, with little optimism of the recent price drops reversing direction. For it’s part, cash price (wholesaler, “print”) for benchmark…
