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Lumber Traders Abandon Offices for Summer Holidays as Prices Slip Further Downward
An incomprehensible North American construction framing dimension softwood lumber market became no more understandable this week as prices on several key commodities fell further. As Quebec enters it’s usual two-week sawmill and construction curtailment and true summer weather arrived across the continent, lumber traders abandoned sales offices for local fishing holes and other outdoor activities.One…
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Madison’s Monthly Wood Pellet Update Now on Canadian Biomass Website
In addition to Madison’s weekly #lumber price update on the Canadian #Forest Industries website:https://www.woodbusiness.ca/traders-abandon-offices-for-summer-holidays-as-lumber-prices-slip-further-downward/ Madison’s is now also providing monthly wood pellet price updates to Canadian Biomass Magazine news: https://www.canadianbiomassmagazine.ca/woody-biomass-consumption-on-downward-trend-in-us-eia/
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US Existing Home Sales: June 2019
The June median sales price of all existing US homes reached a record high of US$285,700, up +4.3% from a year ago, representing the 88th consecutive month of year-over-year increases. The median existing condominium/co-op price of US$260,100 in June was up +2.8% from a year ago. Total existing home sales in the US, released by…
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US Apartment Absorption Rate: 4Q 2018
In 4Q 2018, the building of 56,950 apartment units in the US was completed, an -18% decline from 4Q 2017, when it was 69,640 units. (Figure 1 below). Apartment completions in 4Q 2018 were at their lowest point since 4Q 2013. These data come from the US Census Bureau, in collaboration with the US Department…
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US Housing Starts: June 2019
According to estimates from the US Housing and Urban Development and Commerce Department Wednesday, single-family housing starts in the US improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. Privately‐owned housing starts in June were at…
