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Canada and US Railcar Loadings: February 26, 2022
The Association of American Railroads (AAR) reported March 2 reported US and Canada rail traffic for the week ending February 26, 2022, as well as volumes for February 2022. US railroads originated 1,945,646 combined carloads and intermodal units for the month of February 2022, up +5.7%, or 104,819 units combined, from the same month one…
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US Housing Starts and Lumber Prices: Feb 2022
January starts of single-family housing, the largest share of the market and construction method which uses the most wood, continued the decreases of December 2021 when it was to 1.182 million, down by another -5.6% to 1.116 million annualized. January 2022 single-family permits, however, jumped by +6.8% compared to one year ago, when it was…
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Lumber Prices Pop Up After Several Weeks Flat
Most lumber prices rose by a noticeable margin in the week ending February 18, as ongoing strong demand and relentless delayed deliveries prompted customers who had been waiting on the sidelines to step in and buy. Due to still-lengthening order files, sawmills were able to hold their ground on prices. Some items, which had risen…
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Lumber Market and Prices: Feb 2022, Week 4
Check back with the Madison’s website www.madisonsreport.com often for the latest updates for the latest developments and updates. In the week ending February 25, 2022, the price of benchmark dimension construction framing softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$1,350 mfbm. This is up by +$20, or +2%, from the previous week…
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US New Home Sales January and Softwood Lumber Prices February: 2022
The U.S. Census Bureau and the US Department of Housing and Urban Development released February 24 new home sales and new 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. After climbing to record-level highs during…
