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Softwood Lumber Prices Continue Soft During the Usual Busy Buying Season
Softwood lumber industry players continued wondering last week where the market was, as many prices softened further and the usual spring buying spree has yet not materialized. Sales volumes were OK, according to both sawmills and secondary suppliers, but — once again — no one was stocking inventory. This makes lumber producers wary; if some…
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US House Prices: February 2019
Home price gains in the US are about to take off again, said Corelogic Tuesday. The real estate data and analytics company predicts that annual gains in home prices could hit close to +5% by 2020, thanks to falling interest rates. CoreLogic® Tuesday released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February…
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Softwood Lumber Prices Settle Further, US February Construction Spending Up
Continued soft demand and unenthusiastic customers had North America construction framing softwood lumber prices lower last week, as operators can only wait and see if the usual spring lumber selling will materialize. Monday’s data release of improved US construction spending for February and recent data of strong US home sales and house prices has most…
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US Construction Spending: February 2019
US construction spending increased for a third straight month in February, boosted by gains in both private and public construction projects. Construction spending during February 2019, released Monday by the US Census Bureau, was estimated at a seasonally adjusted annual rate of US$1,320 billion, +1% above the revised January estimate of US$1,307 billion and a…
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US New Home Sales: February 2019
Contracts for new, single-family home sales in the US increased almost +5% to a 667,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the US Census Bureau Friday. This gain came despite an upward revision for the January data. However, the previously reported December data was revised down significantly…
