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US Household Formations, Home Prices: 4Q 2017
The US homeownership rate stands at 64.2% in 4Q 2017, up from 63.7% a year ago and 63.9% in 3Q according to the Census Bureau’s Housing Vacancy Survey, released January 30. US Household Formations, Home Prices: 4Q 2017 After dropping to a cycle low of 62.9% in 2Q 2016, the national homeownership rate seems to…
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Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018
Last week has started to come out actual data of timber supply loss due to wildfires in northwest North America, and it’s really bad. Details to come. Otherwise, lumber demand continued strong even as customers digested the rush of wood ordered three weeks ago. As extreme transportation woes continued unabated, sawmills took to quoting on…
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Sticker Shock Restrains Buying but Lumber Prices Remain High
The recent huge burst of buying slacked off this week as lumber futures descended from their up-limit of last week to crash down-limit Monday and trigger a stop-order on the Chicago Mercantile Exchange. In the cash market, customers — still reeling from sticker-shock last week — held off on buying unless absolutely desperate for fill-in…
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Forestry Economics Paper : Madison’s co-author
Madison’s is very excited to announce today just this first step in the fabulous range of *new* products and information streams we have coming online in the first half of this year! Parajuli Zhang Kosman_FPE 2018 https://www.sciencedirect.com/science/article/pii/S1389934117303209 Province specific impacts of the 2006 United States-Canada Softwood Lumber Agreement: A seemingly unrelated regression approach Based on monthly data from January…
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Resolute Forest Products CEO Steps Down
A dearth of truckers in Canada is hindering shipments from Resolute Forest Products’ sawmills to its paper mills, outgoing Chief Executive Officer Richard Garneau said Thursday on an earnings conference call. The Montreal-based company slowed down production in December after the shortage and harsh winter conditions led to a lack of woodchips at its mills…
