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Canada Lumber Manufacturing & Sales, Exports vs Softwood Lumber Prices: April 2019
Lumber production in Canada increased by +18.7% from February to 5,528.3 thousand cubic metres in March, said Statistics Canada in the latest data release June 5. Production was -5.3% lower than in March 2018. Sawmills shipped 5,145.1 thousand cubic metres of lumber in March, up +15.7% from February and -2.1% lower than in March 2018.…
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US Housing Starts: May 2019
Total housing starts in the US posted a -0.9% decrease in May, to 1.269 million units, compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release Tuesday from the US Census Bureau and HUD.Relative to May 2018, total starts are -4.7% below the annual pace of 1.332 million units. …
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Softwood Lumber Sales Explode on More Major Sawmill Curtailments
After inexplicably wallowing in the doldrums for 2019 so far, North America wholesaler softwood dimension lumber prices reversed spectacularly last week. US housing starts for May, released Tuesday morning, were relatively stable compared to April. Potentially helpful to players seeking understanding of current market conditions, prices quoted for the July contract of softwood lumber futures…
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Madison’s Lumber Reporter Weekly Prices Snippet:
WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
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WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
Several benchmark North American construction framing softwood lumber prices rebound spectacularly … Key Comment : Sales of Western Spruce-Pine-Fir exploded following a Canfor announcement of sweeping curtailments across many multiple production facilities. https://madisonsreport.com/lumber-prices/ Madison’s Lumber Prices Weekly Market Commentary Snippet Western SPF: USA Recrudesce Following Canfor’s major curtailment announcement Monday, sales of Western Spruce-Pine-Fir “exploded”…
