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Conifex Sells Fort St James Timber License to Hampton; New Sawmill Build
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: British Columbia has approved the transfer of Conifex’s forest licence in the Fort St. James, BC, area to Fort St. James Forest Products, a subsidiary of Hampton Lumber Mills. Conifex announced the $39 million sale in June, pending provincial…
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US House Prices vs. Softwood Lumber Prices: Oct 2019
Average US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 3Q 2019 US house prices rose in August, up +0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose +4.6 percent from August 2018 to August 2019. The previously reported +0.4…
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US New Home Sales: Sept 2019
Contracts for new, single-family home sales in the US inched down -0.7% in September to a 701,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off a downwardly revised August estimate, which was decreased from an initial reading of 713,000 to a new…
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Madison’s Western SPF Lumber Prices Oct 24: sneak preview
After rising +$2 last week, the price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr climbed further this week, Oct 24, 2019, up +$8 to US$378 mfbm; Utility/#3 grade 2×4 gained +$8 to US$250 mfbm.
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US Existing Home Sales, House Prices: Aug & Sept 2019
After reaching 17-month high last month, existing home sales in the US, released by the National Association of Realtors (NAR) Tuesday, fell more than expected in September 2019 despite low mortgage rates. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, dropped -2.2% to a seasonally adjusted annual rate of 5.38 million in September.…
