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US Housing Starts, Permits July and Lumber Prices Aug: 2021 (video)
Is the softwood lumber supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often: For July 2021, total residential starts in the US improved by +2.5% from the same month one year ago, and dropped by -7% from June 2021. Indicating strong construction activity still to come for this…
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US New Home Sales, House Prices July and Softwood Lumber Prices August: 2021
The U.S. Census Bureau and the US Department of Housing and Urban Development released July 26 new home sales and house price data. 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. Benchmark Softwood Lumber Prices August and US…
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Softwood Lumber Imports to US from Canada: Duty Rates Increase
Certain Softwood Lumber Products From Canada: Notice of Court Decision Not in Harmony With the Final Results of Countervailing Duty Expedited Review; Notice of Rescission of Final Results of Expedited Review; Notice of Amended Cash Deposit Rates As we know, the US Administrative Review of softwood lumber duties on imports from Canada this past spring…
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Supply-Demand Balance Achieved as Lumber Prices Seem to Hit Bottom
August 20, 2021 — While there were some construction framing dimension softwood lumber prices that continued to drop for the week ending August 20, several prices were flat while others actually popped up. Many in the industry suggest a combination of correction with the supply-demand balance, and eager customers returning to buy after holding off…
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US Housing Starts JULY & Softwood Lumber Prices AUGUST: 2021
After a healthy increase in June, US total housing starts for July 2021 fell by -7% to a seasonally adjusted annual rate of 1.534 million. For July 2021, total residential starts in the US increased by +6% from the same month one year ago, when it was 1.048 million. US Housing Total and 1-Unit Starts…
