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US Railcar Loadings: Feb 6, 2021
For the week ending Feb 6, total U.S. weekly rail traffic was 495,815 carloads and intermodal units, up +2.2% compared with the same week last year. For the first five weeks of 2021, U.S. railroads reported cumulative volume of 1,156,696 carloads, down -2.2% from the same point last year; and 1,442,642 intermodal units, up +11%…
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US Housing Market Update: Feb 11, 2021
Zillow CEO Richard Barton on housing market today: ‘Homes are flying off the shelves’ Home prices in urban U.S. markets rose +15% in the three months through late January to US$315,000, slightly ahead of the annual pace in suburbia, according to data from brokerage Redfin Thursday, based on geographic designations developed by the Census Bureau.…
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Strong Demand Sends Softwood Lumber Prices Higher
In the first week of February sawmills were taking orders that would not even go on the production line until the beginning of March. This provides good indication that prices are not going to go down anytime soon. At a time of year when home builders and retailers — the end-users for lumber products —…
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Madison’s Lumber Prices & US Housing Starts, New Home Sales, and New House Prices
Demonstration of significant correlation in recent years between benchmark softwood lumber prices and new housing construction, home sales, and house prices in the US. Check back often to keep up with the latest changes and movement both with softwood lumber and panel prices, and with lumber market conditions across the US and Canada.
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Canada West Coast Wood Pellet Industry Investment Update
BC Port Expansion Boon to Pellet Industry A recent announcement by the Government of British Columbia detailed a planned expansion of the Ridley Island Export Logistics Platform, which will significantly improve the Port of Prince Rupert’s ability to transload wood pellets shipped aboard container vessels. The initiative will be funded through a mix of public…
