Category: Lumber News

Now reaching levels never seen before, in the week ending February 26, 2021, the price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr rose another +$28, or +3%, to US$1,040 mfbm, from $1,012 the previous week. Last week’s price is +$42, or +4%, more than one month ago when it was $998.Compared…

For the week ending February 19, 2021 North America construction framing dimension softwood lumber prices surpassed a threshold that industry veterans never imagined, in their wildest dreams, they would ever see, said weekly lumber industry price guide newsletter Madison’s Lumber Reporter. Madison’s Lumber Reporter pegged the wholesaler sales prices of benchmark softwood lumber commodity Western…

New-home purchases account for about 10% of the market and are calculated when contracts are signed. They are considered a timely barometer of the current real estate market. At a very unusual time of year, not when folks normally want to be preparing to move, sales of new single-family houses in the US for January…

According to Madison’s Lumber Reporter, we can expect to see strong lumber prices and demand for up to two years. This is not just because the pandemic sparked a boom in the repair and remodelling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time.  In…

Drax Group to Acquire Pinnacle Renewable Energy On February 8th, 2020, Pinnacle Renewable Energy Inc. announced that the company has entered into an arrangement agreement with Drax Group plc and its wholly-owned subsidiary, Drax Canadian Holdings Inc. will acquire all issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million.…