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Softwood Lumber Prices Continue Rising as US Home Building, Sales, and Prices Increase Sharply
Madison’s Lumber Reporter advises North American forest products manufacturers to put on their seatbelts, as the latest housing market data indicates no stop to relentlessly rising softwood lumber prices any time soon. Currently, sawmills in Canada and the US simply can not keep up with ongoing very strong demand for house construction in both countries.…
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US Existing Home Sales: July 2020
Earlier this month very strong US housing starts data surprised everyone: Single-family housing starts in the US for July 2020 were at a rate of 983,000, as in June up +17%. The number of residential projects authorized but not yet started also advanced, to 101,000 units in July, the biggest backlog since the end of…
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Madison’s Western S-P-F Softwood Lumber Prices Aug 21: sneak preview
Here is a SNEAK PEAK at tomorrow’s print benchmark Western Spruce-Pine-Fir (WSPF) softwood lumber prices: “In a single week, softwood lumber prices increase by almost half the total price of recent lows.” — Madison’s Lumber Reporter In September 2015, the “recent-low” of lumber prices, benchmark commodity Western S-P-F KD 2x4s were selling for US$249 mfbm…
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US Housing Starts & Softwood Lumber Prices: July and August 2020
Single-family housing starts in the US for July 2020 were at a rate of 983,000, as in June up +17%. The number of residential projects authorized but not yet started also advanced, to 101,000 units in July, the biggest backlog since the end of 2018. For the week ending August 14, 2020, prices of standard…
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A late wildfire season hits British Columbia’s sawmill country hard
Lightening strikes cause several fires across BC’s southern interior but heavy rain is expected tomorrow: Normally the BC government would have put in the fire ban by this time of late-summer (no heavy equipment in the forest to prevent sparking a fire). Due to that the sawmills stock up with logs well in advance of…
