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US Housing Market Update: Aug and Sept 2017
The S&P CoreLogic Case-Shiller US National Home Price Index, reported Tuesday, had a 6.1 per cent annual gain in August, up from 5.9 per cent in the previous month. The 10-City Composite annual increase came in at 5.3 per cent, up from 5.2 per cent the previous month. The 20-City Composite posted a 5.9 per…
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North America Forest Products Movement Update: August 2017
The latest data, some released just Wednesday by Statistics Canada, show a glowing picture of improving conditions for North America’s forest products industry. Most of the data encompasses January to August 2017, providing solid information on the economic state of Canadian and US log and lumber products and their movement so far this year. Headline…
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US Commerce Dept Final Duty Determination: Softwood Lumber
The US Commerce Department issued Thursday it’s Final Determination of both Countervailing and Anti-Dumping duties on Canadian softwood lumber imports to the US. The North American forest products industry now waits for the last of these bureaucratic announcements, which were triggered in November 2016 when the US first launched the softwood lumber trade claim. In…
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US Commerce Dept Final Determination: Softwood Lumber Duties, Nov 2017
https://www.commerce.gov/…/softwood_lumber_canada_ad_cvd_fi… The next step is the International Trade Commission (ITC) Final Determination in later December. Some of the duty rates may be adjusted. Canadian operators will be required to pay duties on softwood lumber shipments to the US at the beginning of January 2018. This announcement also says that ‘critical circumstances’ exist on the anti-dumping…
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US New Home Sales: September 2017
Contracts for new US home sales expanded by 18.9 per cent in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Wednesday. The solid reading in September returns new home sales to the positive growth trend it has been on for several…
