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US Housing Market Share of GDP: 3Q 2019
US GDP 3Q 2019 data shows investment was weak again. Yet residential investment picked up, at a 5.1% annual rate. The US Bureau of Economic Analysis (BEA) reported that investment in US non-residential structures decreased at a 15.3% annual pace in 3Q 2019. Lodging investment decreased in 3Q, but lodging investment is up 6% year-over-year.…
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US Housing Share of GDP: 3Q 2019
After declines for six consecutive quarters, the home building component of gross domestic product (GDP) in the US increased during 3Q 2019. This gain was due to the housing rebound that has taken hold since the spring, with the pace of single-family permits rising since April and the rate of single-family starts increasing since May.…
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Madison’s Western SPF Lumber Prices Oct 31: sneak preview
The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After rising +$8 last week, The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr jumped this week, Oct 31, 2019,…
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Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators
This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There…
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Canfor Goes Private
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: Great Pacific Capital Corporation, which already owns 51 per cent of shares in Canfor, will purchase the remaining 49 per cent at $16 each, in a deal that is estimated at more than $980 million. A special committee of lumber giant Canfor’s…
