US Department of Commerce announces final determination on softwood lumber trade duties for calendar year 2021.
Wood Markets News
Canfor Delays Final Decision on Rebuilding Its Houston Mill Due to Fiber Supply Issues
Canfor delayed its final decision on whether it will build a new sawmill to replace its recently closed Houston, BC, site.
Turmoil Returns to BC Ports as Dockworkers Reject Maritime Association’s Agreement for Second Time
The Canadian Press reports that late Friday evening, BC ports were thrown back into turmoil when members of the International Longshore and Warehouse Union Canada overwhelmingly rejected the offer presented by the BC Maritime Employers Association.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in June
Personal income increased 0.3% in June. Disposable personal income (DPI), personal income less personal current taxes, increased 0.3%. Personal consumption expenditures (PCE) increased 0.5%.
Canadian Real GDP Increased 0.3% in May
Real GDP increased 0.3% in May, following a 0.1% uptick in April. Service-producing industries were up 0.5%, but that increase was partially offset by a 0.3% decline in goods-producing industries.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for July
The Consumer Sentiment Index showed broad improvements in July.
US National Interagency Fire Center Wildfire Update for the Week Ending July 28th
As of Friday, June 28th, 52 large wildfires have burned 243,894 acres in nine states. Nine large new wildfires were reported on Thursday alone.
US Pending Homes Sales Increase in 2 Out of 4 Regions in June
The National Association of Realtors® Pending Home Sales Index increased 0.3% month-over-month to a reading of 76.8 in June. The June increase is the first increase reported since February.
Home Prices Post Largest Year-Over-Year Increase Since November 2022
Redfin reported that during the four-week period ending on July 23rd, the typical US home sold for approximately $382,000. This is up 2.6% year-over-year and is the largest increase since November 2022.
Real GDP Increases at an Annual Rate of 2.4% in Q2, BEA Reports in Its “Advance” Estimate
Real GDP increased at an annual rate of 2.4% in 2023Q2, according to the “advance” estimate released on Thursday by the Bureau of Economic Analysis. This follows a real GDP increase of 2.0% in 2023Q1.