Tag: us house inventory

If lumber suppliers didn’t know what to do last week, this week was even more bananas. As explained by one veteran lumber trader on LinkedIn Friday: “Frustration reigned as the lack of availabilities and tardy shipments frazzled many. The concern is that there does not seem to be any end in sight [to logistics and…

Manufacturing sales rose 1.4% to $57.1 billion in March, said Statistics Canada Thursday. Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase. Overall, sales were up in 13 of 21 industries, representing 72% of the Canadian manufacturing sector, while in volume terms, manufacturing sales rose 0.6% Primary metal…

“Where will it end? No one knows,” one experienced eastern US trader exclaimed in astonishment Friday morning. There can be no true answer to this until the horrifying (and seemingly NOT improving) railway backlog started well in 2Q 2017 is unravelled, not to be till July this year said one of the two major Canadian…

The value of building permits issued by Canadian municipalities increased 3.1% to $8.4 billion in March, following a 2.8% decline in February. The rise was mainly the result of higher construction intentions for multi-family dwellings, particularly in Quebec and British Columbia, and, to a lesser extent, by the commercial component. Canada Residential sector: Rise in multi-family component offsets…

The prices of most building materials increased in April, according to the latest Producer Price Index release by the Bureau of Labor Statistics on Wednesday. Meanwhile, the count of unfilled jobs in the US construction sector increased in March and approached the post-Great Recession high level. According to the BLS Job Openings and Labor Turnover Survey and…