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US House Prices, Home Sales: Feb & Mar 2019
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 3.8% in February, following the increase of 3.2% in January. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index rose by 4% in February, down from 4.2% in January. It was the…
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US Construction Employment Rebounds: March 2019
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) released Tuesday indicate that construction job openings increased in March, consistent with the ongoing challenge of the availability of labor for builders, said the US National Association of Home Builders. The estimated number of job openings in the construction sector increased to 360,000, a post-Great Recession…
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Softwood Lumber Hearings, Washington, DC: Update
At a hearing on Tuesday by a trade panel under Chapter 19 of the North American free-trade agreement, lawyers for the Canadian industry and federal government said U.S. lumber producers were doing just fine before the tariffs came down – and certainly did not need any protection from Canadian competition, according to Globe and Mail…
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Softwood Lumber Prices Bounce Somewhat, US Construction Spending and Employment Jump: May 2019
Wholesaler (net FOB sawmill) prices of green Douglas fir 2x10s #2&Btr skyrocketed last week, up +$55 or +16%, to US$355 mfbm as other — more standard — North American construction framing softwood lumber prices either stayed flat or bounced moderately as buyers and sellers came to some agreement on the supply-demand balance. The very latest…
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Canada at NAFTA to challenge U.S. International Trade Commission ruling
https://www.theglobeandmail.com/business/article-canada-to-seek-relief-from-us-duties-on-softwood-at-nafta-panel-amid/ Softwood Lumber Prices vs. US House Sales Price: 2019 Lawyers for the Canadian government will Tuesday present their oral arguments at the one-day hearing in Washington, DC,more than two years after the United States imposed new duties on Canadian softwood producers, said Globe and Mail Monday. The lawyers will be summarizing their arguments, condensing…