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August 20, 2020
Softwood lumber prices continue to rise further as North American housing starts break records
Softwood lumber prices just kept climbing last week as Canadian housing starts and home prices for July broke records. US housing starts this week were no different; new home building in the US increased +23% in July - the biggest gain since October 2016 - to a seasonally adjusted annual rate of 1.496 million units, the US Commerce Department said. Single-family construction rose by more than +8% and single-family permits increased +17% to a 983,000 rate, the strongest since February. The number of residential projects authorized but not yet started also advanced, to 101 ...
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