Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s): CWXZF

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products. It is also involved in agricultural post-peeling and pressure treating activities, as well as timber ownership and management of private timberlands and forest licenses; and provides other value-add services. In addition, the company distributes lumber products. It sells its products to small independent lumber yards, regional building material dealers, home improvement chains, and retailers. The company serves its products to new home construction, home renovation, and industrial markets. The company was formerly known as CanWel Building Materials Group Ltd. and changed its name to Doman Building Materials Group Ltd....

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Doman Building Materials Group Ltd

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Comment by okgonowon Nov 18, 2024 9:27am

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Post# 36317754

RE:RE:!!!!!!!!!,,,,,,,,,,NEW 3 Year HIGH..............!!!!!!!!!!

Housing starts are an economic indicator that reflect the number of residential housing projects that have been started over a specific length of time. These data are divided into 3 types: single-family houses, townhouses or small condos and apartment buildings with 5 or more units.

October monthly housing starts key highlights

The trend in housing starts was flat at 243,522 units in October 2024.
The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
Actual year-to-date housing starts between January and October 2024 are up 12% in Montral from the same period last year, showing some recovery from historically low new home construction in 2023.
In Vancouver, actual starts are down 18% in 2024 compared to 2023, but it's important to note 2023 was a record high year.
In Toronto, actual year-to-date housing starts are down 21% from 2023, which was also a high year for housing starts by historical standards.

October Standalone Seasonally Adjusted Annual Rate (SAAR)

The seasonally adjusted annual rate of total urban housing starts in centers with populations of 10,000 or more was 6% higher at 223,111 units.
Multi-unit urban starts increased 7%, to 175,705 units.
Single-detached urban starts increased by 1%, totaling 47,406 units.
Rural starts were estimated at a seasonally adjusted annual rate of 17,650 units.