August 13, 2021 — The big softwood lumber market correction of summer 2021 continued, however the drops in some benchmark lumber prices slowed while others corrected upward yet more. Underpinning overall market conditions was ongoing quite strong US construction activity and very severe wildfires in the important timber supply baskets of British Columbia and the…

“What Goes Down Comes Back Up” Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber and panel prices. The full Madison’s Lumber Reporter North America softwood lumber price list of 450 individual lumber and panel commodity items is updated overnight Thursdays. Stay up-to-date on these weekly lumber price updates,…

North America softwood lumber production volumes and sawmill capacity utilization rates released by Western Wood Products Association (www.wwpa.org) show: US lumber production for Jan – May 2021 up +5.9% compared to the first five months of 2020. Canada lumber production for up +15.3% compared to one year ago. British Columbia lumber production up +24% in…

After reaching a record US$374,400 in May, the median sales price of a new home in the US moderated down to US$361,800. A phenomenal 76% of homes sold last month were either under construction or yet to be built. There were 676,000 new homes on the market in June, down -6.6% from 724,000 in May.…

Is the softwood lumber supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often: SUBSCRIBE TO MADISON’S: https://madisonsreport.com/subscribe/ Compared to the price one-year-ago, when it was US$746 mfbm, for the week ending August 13, 2021, the price of Western S-P-F KD 2×4 was down by -$307 or -41%. Madison’s…

Canadian Biomass Production Expected to Grow in 2021  A July 8 report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network (FAS GAIN) indicates an expected increase in Canadian wood pellet production to 3.8 million metric tons (MMT) in 2021. Production volumes are expected to grow by roughly 300,000 metric tons from 3.5…

The Association of American Railroads (AAR) reported August 11 US and Canadian rail traffic volumes for July and for the week ending August 7, 2021. US railroads originated 1,970,839 combined carloads and intermodal units for the month of July 2021, up another +3.8%, or 71,419 combined, from one year ago.US railroads originated 509,607 carloads and…

Softwood lumber demand was anemic the week of August 13 and prices continued to correct; many players were on vacation. Western S-P-F: USA WobblySuppliers of Western Spruce-Pine-Fir lumber and studs in the United States continued to struggle with every deal as buyers were cagey in view of wobbly pricing.Western S-P-F: Canada VaccilatePrices kept coming off…

Continuing drops seen in May, sales of new US single-family homes fell in June as the median price of newly built houses softened somewhat but remained high compared to previous months and compared to one year ago. The U.S. Census Bureau and the US Department of Housing and Urban Development released July 26 new home…

July 30, 2021 — In the previous week the benchmark construction framing dimension softwood lumber commodity price touched exactly where it had been one year ago, except had been on a relentless six week slide downward while in 2020 it was sharply on the way up. What does this mean for the lumber market? Last…

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “Much of the market appeared to be putting in a bottom, but triple-digit price spreads persisted in many species.” Prices reflect week of July 30, 2021 (CLICK TABLE TO ENLARGE)

July 23, 2021 — The latest construction framing dimension softwood lumber and panel price movement downward has been enough to motivate previously reluctant customers to start making purchases again. Other circumstances, like wildfires and extreme heat in the usual timber supply areas, are adding uncertainty to how the rest of 2021 summer is going to…

July 16, 2021 — Softwood lumber prices in mid-July 2021 touched exactly where they were one year ago, except last year they were moving up and this year they were moving down: Following a brief lull at a level US$760 mfbm for two weeks, in the week ending July 16, 2021 the wholesaler price of…

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “The market continued to search for a tradable bottom as most buyers held off for another week.”  https://madisonsreport.com Prices reflect week of July 16, 2021 (CLICK TABLE TO ENLARGE)

Is the construction home building wood panel (Oriented Strand Board (OSB) and Plywood) supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often. Compared to the price one-month-ago, when it was C$1,539 msf, for the week ending July 16, 2021, the price of Canadian Softwood Plywood Toronto 9.5mm was…