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Softwood Lumber Sales Tepid as Prices Fall Further
North American softwood lumber traders on both sides of the border described sales as sloppy and “uninspiring.” Lumber demand at the wholesaler level in Canada and the US last week was lackadaisical at best and disinterested at worst. While home construction and sales activity in the US is slowly improving, there has been no increase…
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Madison’s “Movers & Shakers” Softwood Lumber Prices Historical Comparison
Madison’s weekly “Movers & Shakers” softwood lumber prices historical comparison table uploaded for this week: Lackadaisical activity persisted as the Eastern Canadian construction holiday began. — Madison’s Lumber Reporter Western SPF: USA Uninspiring According to Western Spruce-Pine-Fir purveyors in the United States, last week was another example of the sloppy market that has developed over…
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*Sneak Peak* Preview: BC Coast Log Prices
Total corroboration from Japan of the BC coast log prices Madison’s has been printing. Some insights into the North American log sales market are provided in the latest issue of Japan Lumber Reports: “Export prices of Douglas fir logs for July shipment are $20 down on 12” and up logs, while 8-11” log prices remain…
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US Federally-Backed Mortgages, HomeOwnership Rate: 2Q 2019
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the US Census Bureau reveals that mortgages backed by the FHA made up 17.9%, or 32,000, of total sales, at 179,000 units, +7.3 percentage points higher than 2Q 2018 (20,000). The FHA share is the highest it has been since the first quarter…
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US New Home Sales: June 2019
Contracts for new, single-family home sales in the US increased in June by +7% to a 646,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau Thursday. The increase came off a downwardly revised May estimate, which was decreased from an initial reading of 626,000 to a new estimate of 604,000. Year-over-year,…
