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Softwood Lumber Prices Pop Higher as Seasonal Winter Slow-Down Looms
Veteran solid wood processors and sellers like to say, “Labour Day is the beginning of the end, and US Thanksgiving is the end of the end” for large-volume lumber sales. The business of manufacturing and distributing North American construction framing dimension softwood lumber is directly tied to US home building and remodelling activity. As darkness…
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US Housing Market Share of GDP: 3Q 2019
US GDP 3Q 2019 data shows investment was weak again. Yet residential investment picked up, at a 5.1% annual rate. The US Bureau of Economic Analysis (BEA) reported that investment in US non-residential structures decreased at a 15.3% annual pace in 3Q 2019. Lodging investment decreased in 3Q, but lodging investment is up 6% year-over-year.…
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US Housing Share of GDP: 3Q 2019
After declines for six consecutive quarters, the home building component of gross domestic product (GDP) in the US increased during 3Q 2019. This gain was due to the housing rebound that has taken hold since the spring, with the pace of single-family permits rising since April and the rate of single-family starts increasing since May.…
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Madison’s Western SPF Lumber Prices Oct 31: sneak preview
The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After rising +$8 last week, The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr jumped this week, Oct 31, 2019,…
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Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators
This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There…
