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US Lumber Imports, House Size, Home Sales
The US imported a total of 8.456 million cubic metres of softwood lumber from Canada in 1Q this year which, according to the figures from the US Department of Agriculture, Foreign Agriculture Service (FAS), equates to a reduction of 16 per cent against last year. The FAS also recorded a reduction in US softwood lumber…
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Softwood Lumber Tariff and US Housing
The conversation shifted slightly this week; or perhaps more correctly expanded, from specifics of assignation of US duties on imports of Canadian softwood lumber to the effects of that on a tenderly burgeoning US home building industry. Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a…
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US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017
US Lumber and Other Construction Materials Trade for Jan-Feb 2017 are up 7.7% to US$42,933 million, from US$40,475 million for the first two months of last year. Full-Year 2016 US Construction Trade was US$122,384 million, up 7.7% from full-year 2015. US Lumber and Other Construction Materials Trade: Jan-Feb 2017 US Log Exports to the WORLD…
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US Housing Starts, Home Sales: February & March 2017
Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of…
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US Construction Jobs: February 2017
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis April 11, the number of open construction sector jobs rose to 169,000 in February. The cycle high is 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for February increased to…
