Trade view / 29 September 2017 at 11:48 GMT
The US housing boom continues as KB Home reported forecast-beating third-quarter results yesterday and kept a positive outlook. US building permits are still rising and have around 20% more upside from current levels as family formation increases and permits swing back to the long-term average from 1960. Among North America home builders, we believe DR Horton is the most undervalued, with around 28% upside over the next 12 months.
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25 April 2017 at 12:57 GMT
Alleging that Canada unfairly subsidises its timber industry, the Trump administration has slapped a 20% tariff on Canadian softwood lumber exports to the US. News of the tariff dented the Canadian dollar and lifted lumber futures.
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27 May 2014 at 9:05 GMT
US housing starts are an important economic indicator and recent figures have been weak. Morningstar Research has been analysing the market, picking out two firms which would stand to benefit from a revival.