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NAFTA Dispute Resolution Forms 5-Member Panel: US Softwood Lumber Tariffs on Canada
A binational panel has been formed to review the battle between Canada and the United States over softwood lumber, with three Canadians and two Americans appointed to make a ruling under NAFTA’s contentious Chapter 19 dispute-resolution mechanism, according to the Globe and Mail Tuesday. The issue of Canadian lumber shipments into the United States is…
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US Housing Affordability, Custom Home Building, House Size: 3Q 2018
While a niche, these data are most applicable to the use of construction framing wood products, this excellent indicators for future growth / building and softwood lumber production. Released this week, the latest US home building and real estate data shows a US housing market returning to strength. But with a different mix of building…
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US Housing Prices, Inventory: Oct 2018
In September, US national home prices continued to rise but at a slower pace. Moreover, two metro areas experienced home price declines in September. 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 4.6% in September, slower than the 6.9% increase in…
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US New, Existing, and Pending Home Sales: Oct 2018
Sales of new single‐family US houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly Wednesday by the US Census Bureau and the Department of Housing and Urban Development, Wednesday. Although weak, this was only a little below the initial report for September of 553,000 (now revised…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: NOVEMBER 2018
Happily the hunger for wood following an extended US Thanksgiving long weekend holiday was strong enough to push prices on many North American construction framing lumber prices up. Demand, which had been muted to minimal on plump inventories and slowing construction projects, came back somewhat robustly that week. Sawmills were boasting growing order files, at…
