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Madison’s British Columbia Coast Log Prices: Feb 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…
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2021 North America Softwood Lumber Market Outlook
If there was ever an incomprehensible year for forestry and sawmilling, it was 2020. Macroeconomic conditions in Canada and the U.S. weren’t any easier to decipher. However, one sector that clearly did well was housing: home building and selling activity across the continent revved up to white-hot levels. Indeed, according to the latest U.S. employment…
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Canadian Bioheat Database Update: 2017 – 2020
Wood pellets and wood chips are the dominant fuels, with preference regionally specific. The September 2017 issue of the Madison’s Heating Wood Pellet price report provided detailed information from a Natural Resources Canada / Torchlight Bioresources study on bioheat projects in Canada. This report was recently updated by Natural Resources Canada, exploring the growth of…
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US Housing Starts January & Softwood Lumber Prices February: 2021
Sharply increased homebuilding activity is being supported by lean inventories, especially for previously owned homes. As true winter weather came on across the continent, total residential starts in the US for January 2021 fell by -6% to a 1.58 million annualized rate. Permits for future homebuilding soared again, this time by +10.4% to a rate…
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Softwood Lumber Prices Continue Rising
In the first week of February sawmills were taking orders that would not even go on the production line until the beginning of March. This provides good indication that prices are not going to go down anytime soon. Confusion continued in many quarters as both suppliers and consumers of North America construction framing dimension softwood…
