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US New Home Sales, and Lumber Prices: Oct 2021 (video)
Sales of new US single-family homes rocketed up by an astonishing +14%, while the median price of newly built houses increased by even more, compared to the previous month. There were 800,000 new US homes sold in September, which is up +14% from a significantly downwardly-corrected 702,000 in August, and is down -18% from 971,000…
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Limited Supply Sends Softwood Lumber Prices Higher
Once again for a very unusual time of year, softwood lumber prices firmed up yet more in late October. Sales volumes were encouraging, especially for the time of year, as sawmills extended order files out four weeks. Based on the regular historical seasonal cycle, it is not normal for lumber prices to be increasing in…
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Railcars, Lumber Production, and Sawmill Capacity: Oct 2021 (video)
North America softwood lumber production volumes and sawmill capacity utilization rates released by Western Wood Products Association (www.wwpa.org) show: For January to July 2021 softwood lumber production in the US was up by another +3% from the first seven months of 2020. US lumber production volumes were 22,060 mmfbm. Looking at the month of July…
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Canada and US Railcar Loadings: October 16, 2021
The Association of American Railroads (AAR) reported October 16 US and Canadian rail traffic volumes for the week ending October 16, 2021. US railroads originated 1,970,839 combined carloads and intermodal units, up another +3.8%, or 71,419 combined, from one year ago. US railroads originated 229,730 carloads and 267,253 intermodal units for the week ending October…
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US New Home Sales, House Prices September and Softwood Lumber Prices October: 2021
The U.S. Census Bureau and the US Department of Housing and Urban Development released October 26 new home sales and house price data for September 2021. 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 slowing down in…
