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Category: Weekly Softwood Lumber Blog

Softwood Lumber Demand Remains High as Supply Chain and Sawmill Production Changes are Ongoing

Softwood Lumber Demand Remains High as Supply Chain and Sawmill Production Changes are Ongoing

There were more questions than answers last week as US and Canadian softwood lumber demand remained high but stocking wholesalers and resellers struggled with issues around the need to quarantine and keep social distance for their staff. Sawmills and lumber producers were often occupied with customers who were trying to cancel, or even get refunds on, orders already made. The Canadian federal government as well as most US states deemed lumber and other construction material as “essential” — meaning these…

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Madison’s Extends Data Coverage …. New Prices Added

Madison’s Extends Data Coverage …. New Prices Added

Since autumn 2019 Madison’s embarked on the exciting task of adding a wide range of new North American softwood lumber and panel price coverage to our regular list of commodities. By January 2020 we were satisfied with the credibility and accuracy of the new price gathering. Shortly, within a few weeks, these new prices will be available along with all the prices currently accessed by Madison’s subscribers. To view the historical price sheet and softwood lumber commodity prices regularly covered by Madison’s Lumber Reporter until now, please…

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Madison’s Extends Data Coverage …. New Prices Added

Madison’s Extends Data Coverage …. New Prices Added

Since autumn 2019 Madison’s embarked on the exciting task of adding a wide range of new North American softwood lumber and panel price coverage to our regular list of commodities. By January 2020 we were satisfied with the credibility and accuracy of the new price gathering. Shortly, within a few weeks, these new prices will be available along with all the prices currently accessed by Madison’s subscribers. To view the price sheet and softwood lumber commodity prices regularly covered by Madison’s Lumber Reporter until now,…

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Madison’s Resumes Website and Social Media

Madison’s Resumes Website and Social Media

Explanation for lack of website updates for the past month: On February 16, 2020 Madison’s suffered a “severe seizure” (Doctors’ and neurologist’s description) and — despite being taken to Emergency immediately — could have easily died. Placed in a coma for 7 days, followed by 7 days in hospital and undergoing every single test possible. It turns out there is nothing wrong with me, however there are several months of specialist follow-ups and other such medical necessities. During this time,…

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Madison’s Western S-P-F Lumber Prices Dec 19: sneak preview

Madison’s Western S-P-F Lumber Prices Dec 19: sneak preview

The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a SNEAK PEAK at tomorrow’s benchmark WSPF prices: After staying flat for the past three weeks, The wholesaler price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr for Dec 19 popped up $4 on tight inventories, to US$398 mfbm (net FOB sawmill), from US$394 mfbm last week. — Madison’s Lumber Reporter This week’s…

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US Housing Starts Rise Again, Softwood Lumber Prices Remain Flat

US Housing Starts Rise Again, Softwood Lumber Prices Remain Flat

It was not a surprise to Madison’s Lumber Reporter Tuesday morning when the latest US housing starts data showed continued improvement. Such a strong end to what turned out to be a pretty good year for North American construction framing dimension softwood lumber prices — after a terrifying start — bodes well for 2020. This Friday will be the last lumber price update for the year, and Madison’s is advising that lumber sales will start out hot right at the…

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North America Softwood Lumber Prices, US House Prices: December 2019

North America Softwood Lumber Prices, US House Prices: December 2019

Median US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 2016 – 2019 US house prices rose in 3Q 2019, up +1.1 per cent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), released November 26. House prices in the US rose +4.9 per cent from 3Q 2018 to 3Q 2019. FHFA’s seasonally adjusted monthly index for September was up +0.6 per cent from August. “The wholesaler price of benchmark softwood lumber…

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Canada/US/Mexico Free Trade Deal Signed

Canada/US/Mexico Free Trade Deal Signed

The United States and Mexico have confirmed an agreement has been reached on a new North American free trade deal. U.S. House Speaker Nancy Pelosi said in Washington Tuesday morning that congressional Democrats were supportive of the changes. Ways and Means Committee Chair Richard Neal said completion of the deal came after a round of intense discussions and phone calls between key parties over the weekend. The new version of the deal between Canada, the US, and Mexico, will get…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Sept 2019

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Sept 2019

Continuing flat, as last month, the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-September 2019, shows US softwood lumber production volume still basically flat from from the same time last year, to 26,616 mmfbm. Like last month, January – September softwood lumber production in Canada continued big drops since the beginning of this year, once more falling -11%, to 18,608 mmfbm, compared to the first nine months of 2018 when it was 20,889 mmfbm. In…

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Overview of Current North American Softwood Lumber Market: 3Q 2019

Overview of Current North American Softwood Lumber Market: 3Q 2019

Please find below the results of Madison’s most recent investigation into questions regarding a possible difference between North American softwood lumber prices into USA and those domestically within Canada, in view of the latest US softwood lumber duty, submitted to federal government of Canada (September 30, 2019): Download Full Report: Canada Domestic Softwood Lumber Price 2019 SEPT OVERVIEW OF CURRENT NORTH AMERICAN LUMBER MARKET: 3Q 2019 The question at hand: • is there apparently a price difference between Canadian sales…

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