Madison’s Monthly British Columbia Coast Log Prices: Oct 2020

Canada Domestic Log Prices Follow Wholesale Lumber Prices Up By Significant Amounts in September 2020

After dropping a little bit in August due to a plummet in multi-family home building, privately-owned US housing starts in September were at a seasonally adjusted annual rate of 1,415,000, the US Commerce Department said Tuesday. This is +2% above the revised August rate of 1,388,000 and is and astonishing +8.1% above the September 2019 rate of 1,274,000.

The USA purchases approximately 65% of Canada’s dimension lumber production mostly for home construction framing, while Canadian buyers account for about 10%, and those in Japan take 6%.