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Madison’s Weekly Lumber Prices Updated
Disinterested buyers and softening demand sent most dimension lumber and some panel products’ prices down slightly last week. The weak Canadian dollar brought motivated construction framing lumber sellers from Canada into US markets. Volumes sold were stable, if slightly down, over the end of last year. Canadian softwood lumber production, sales, and export VOLUMES January…
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US Housing Construction Spending Post Gains
The North American Association of Home Builders’ analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8 per cent, multifamily spending increased 1 per cent, and home improvement spending increased 0.6 per cent from revised September estimates. Total private residential construction spending (all three…
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US New Home Sales
Sales of new US single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 per cent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008.…
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Existing Home Sales, US
US home resales raced to a one-year high in September. The National Association of Realtors said Tuesday existing home sales increased 2.4 per cent to an annual rate of 5.17 million units, the strongest reading since September of last year. US Existing Home Sales While home sales picked up last month, first-time buyers, a critical…
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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
