Tag: US housing starts

Russian Timber Journal 07-2024: Interview with Timur Irtuganov, Director General, AFWIER; Slow economic revival in the Russian timber industry is beginning to fade; Russian plywood production grew by 3.9% over 8 months of 2024; Legal liquidation of Baykalsky PPM is completed; Retail furniture sales in Russia grew by 10% in H1 2024; Timber trading volume at SPIMEX exceeded 4 million m³; More than 3 million m³ of sawn timber has been exported from the Krasnoyarsk Region since the beginning of 2024; Birch plywood export from the Kirov Region to China increased by 5 times

Russian Timber Journal 07-2024: Interview with Timur Irtuganov, Director General, AFWIER; Slow economic revival in the Russian timber industry is beginning to fade; Russian plywood production grew by 3.9% over 8 months of 2024; Legal liquidation of Baykalsky PPM is completed; Retail...

US housing starts unexpectedly decline to 2020 lows

Housing starts in the US fell 5.5% to an annualized rate of 1.277 million in May 2024, the lowest since July 2020, from April’s downwardly revised 1.352 million and well below the forecast of 1.37 million. This unexpected...

U.S. housing starts show substantial rebound In July

The Commerce Department said housing starts surged 3.9% to an annual rate of 1.452 million in July after plunging by 11.7% to a revised rate of 1.398 million in June. Economists had expected housing starts to increase to...

US housing starts hit 18-month lows

Construction of new US homes hit 18-month lows in July, according to Commerce Department data on Tuesday that suggested that interest rate hikes by the Federal Reserve were boosting mortgage rates that in turn were strangling the property...

US housing starts rose more than expected in February

Construction of new homes in the US rose in February more than reversing a decline registered the previous month according to data from the U.S. Department of Commerce. Housing starts increased 6.8% in February over January, to a...

Lumber futures price crash 30% in 2 weeks as rising mortgage rates take some heat out of US housing market

In the week ending January 21, 2022, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$1,220 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$50,...

US housing starts in October remained at the level of last year

The U.S. Census Bureau reported on Wednesday that privately‐owned housing starts in October were at a seasonally adjusted annual rate (SAAR) of 1,520,000. This is -0.7% below the revised September rate of 1,530,000 but is 0.4% above the...