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RBC highlights wood products news for week of Jan. 21: Lumber prices lower, OSB flat; December housing starts ahead of estimates; report projects R&R spending downturn; Canada challenging US decision to maintain duties on Canadian softwood lumber exports

CIBC conference highlights with Canfor: For 2024, CFO expects US housing starts to remain stable, flat R&R demand after dramatic growth in early 2023, and slight decrease in European imports; softwood lumber duty rates expected to surge in H2 2025

RBC Capital: December US housing starts ahead of expectations, with single-family starts up 15.8% year-over-year and down 8.6% month-over-month; permits also ahead of consensus, with single-family permits up 32.9% year-over-year, up 1.7% month-over-month

CIBC: US housing starts in line with expectations in December, down 4% month-over-month and up 8% year-over-year, while permits rise above expectations, up 2% month-over-month and 6% year-over-year; builder confidence surges amid declining interest rates

US privately‚Äźowned housing starts in December fell 4.3% from November to seasonally adjusted annual rate of 1,460,000, 7.6% higher annually; building permits rose 6.1% annually to 1,495,000, housing completions up 13.2% to 1,574,000: Dep. of Commerce

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