The CN Railway strike by 1,700 locomotive engineers that threatened to stall shipments of lumber, building materials and other products to the U.S. is over. E. Hunter Harrison, CN chief executive officer said “CN is pleased that an agreement has been reached to end the strike by the Teamsters Canada Rail Conference immediately.” CME lumber futures closed lower yesterday, after being limit down on Wednesday.
New homes for sale in Atlanta are at a low for recent years. Only about 11,000 new homes are for sale in the Atlanta area, surprisingly low considering that about 110,000 were started in Atlanta in 2005. With only November and December numbers left to report, Atlanta is on track to start just over 4,000 new homes in 2009 (a decrease of about 96% from 2005). Home improvements in the Atlanta - Athens Georgia area have become the option of choice for most home owners; re-roofing houses, building decks and upgrading doors and windows have virtually replaced new home buying.
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