-
Lumber Prices Push Up Further as Sales Volumes Remain High
A severe lack of supply along with unrelenting demand sent softwood lumber prices up once again for the week ending April 30. At the producer level, sawmill order files stretched out 4 weeks or longer, with chronic delayed deliveries adding approximately 3 weeks to that. As the home building season is just getting started for…
-
Canada and US Railcar Loadings: April 2021
The Association of American Railroads (AAR) reported May 5 US and Canadian rail traffic volumes for April 2021. The Association of American Railroads (AAR) reported May 5 US and Canadian rail traffic volumes for April 2021. Down slightly after a huge rebound in March, US railroads originated 951,840 carloads in April, up +24%, or 182,060…
-
Continued Strong US Housing Construction and Home Sales Push Lumber Prices Higher
As April draws to a close and the usual construction season starts to come on in Canada and the US, demand for softwood lumber remains very hot. While customers are reluctant to pay these way-beyond record-breaking prices, there is little they can do to avoid buying as ongoing building projects must be completed. Builders and…
-
Madison’s Heating Wood Pellets report: April 2021
More Clean Energy Funding for Remote BC Communities Natural Resources Canada (NRC) recently announced it will award more than $7 million in funding to Indigenous communities in BC to support their transition from fossil-fuel to biomass-based heating systems. The funding will be distributed through the NRC’s Clean Energy for Rural and Remote Communities program as…
-
Madison’s British Columbia Coast Log Prices: Mar 2021
In an effort to make timber prices more responsive to market conditions, the latest changes to BC Timber Sales stumpage rates has that calculation based on recent lumber prices. As these changes start to take hold, the relationship between softwood lumber prices and log prices will become even more apparent. Madison’s Monthly Lumber and Forestry…
