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Strong Demand Sends Softwood Lumber Prices Higher
Read more: Strong Demand Sends Softwood Lumber Prices HigherIn 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. At a time of year when home builders and retailers — the end-users for lumber products —…
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Madison’s Lumber Prices & US Housing Starts, New Home Sales, and New House Prices
Read more: Madison’s Lumber Prices & US Housing Starts, New Home Sales, and New House PricesDemonstration of significant correlation in recent years between benchmark softwood lumber prices and new housing construction, home sales, and house prices in the US. Check back often to keep up with the latest changes and movement both with softwood lumber and panel prices, and with lumber market conditions across the US and Canada.
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Canada West Coast Wood Pellet Industry Investment Update
Read more: Canada West Coast Wood Pellet Industry Investment UpdateBC Port Expansion Boon to Pellet Industry A recent announcement by the Government of British Columbia detailed a planned expansion of the Ridley Island Export Logistics Platform, which will significantly improve the Port of Prince Rupert’s ability to transload wood pellets shipped aboard container vessels. The initiative will be funded through a mix of public…
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US Housing Starts December 2020 & Softwood Lumber Prices January 2021
Read more: US Housing Starts December 2020 & Softwood Lumber Prices January 2021The lumber supply-demand balance seemed to find an even keel in the second week of 2021, ending January 15, 2021, with benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr prices staying flat at US$944 mfbm over the previous week. Last week’s price is +$292, or +45%, more than it was one month ago…
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Softwood Lumber Market and Prices Update: Feb 2, 2021
Read more: Softwood Lumber Market and Prices Update: Feb 2, 2021North America construction framing dimension softwood lumber and panel wholesaler prices are back on the upswing … Madison’s Lumber Reporter explains the market dynamics: Check back often to keep up with the latest changes and movement both with softwood lumber and panel prices, and with lumber market conditions across the US and Canada.
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Lumber Prices Rebound as Confusion Continues Among Players
Read more: Lumber Prices Rebound as Confusion Continues Among PlayersMadison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages Industry players in softwood lumber products across North America questioned themselves, and each other, for understanding on what was happening with market conditions. Prices, meanwhile, climbed again. While clarity was elusive about lumber sales, and particularly prices, one thing was crystal clear: housing construction activity…
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US Home Sales Dec and Full-Year 2020 and Softwood Lumber Prices Jan 2021
Read more: US Home Sales Dec and Full-Year 2020 and Softwood Lumber Prices Jan 2021Benchmark Softwood Lumber Prices Jan 2021 & US NEW Home Sales Dec 2020 New home sales in the US increased +1.6% to a seasonally adjusted annual rate of 842,000 units last month, said the latest data released by the US Commerce Department. November’s sales pace was revised down to 829,000 units from the previously reported…
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Benchmark Softwood Lumber Prices Correct Downward Significantly
Read more: Benchmark Softwood Lumber Prices Correct Downward SignificantlyThe view going forward is that ongoing demand for real building projects will keep lumber prices high. Whether they will surpass the record-levels of last year remains to be seen. Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages After popping up by a sizeable degree in the first full work week of 2021,…
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US Housing Starts: December and Full-Year 2020
Read more: US Housing Starts: December and Full-Year 2020US Total and 1-Unit Housing Starts Dec 2020 & Benchmark Softwood Lumber Prices Jan 2021 Single-family housing permits rose +7.8% to a 1.23 million pace, the fastest since 2006 Construction climbed in three of four regions, led by a +32% surge in the Midwest, with starts in the Northeast seeing the lone decline The total…
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Most Softwood Lumber Prices Stay Flat as the Supply-Demand Balance is Reached
Read more: Most Softwood Lumber Prices Stay Flat as the Supply-Demand Balance is ReachedAs mid-January 2021 came upon us, it seemed like supply and demand for softwood lumber and panel products reached an equilibrium. Almost all prices were flat, except the 2×8 sizes which dropped somewhat. Players agreed that this current lull could indicate a new level of asking prices at lumber producers and wholesalers. Field inventories with…
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North American Softwood Lumber Annual Price Cycle Explained
Read more: North American Softwood Lumber Annual Price Cycle ExplainedNorth America construction framing dimension softwood lumber and panel prices used in Canadian and US home building. Explanation of the seasonal cycle for softwood lumber buying as well as investment the sawmills need to make for their feedstock — log supply and inventory.
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Madison’s Lumber Reporter: Softwood Lumber Price Data Explanation
Read more: Madison’s Lumber Reporter: Softwood Lumber Price Data ExplanationNorth America construction framing dimension softwood lumber and panel prices used in Canadian and US home building. Explanation of the various products, including tables and graphs showing current prices against a historical perspective.
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Madison’s Lumber Reporter: January 11, 2021 Softwood Lumber Prices Update
Read more: Madison’s Lumber Reporter: January 11, 2021 Softwood Lumber Prices UpdateCompared to the price one-year-ago, of US$402 mfbm, last week benchmark softwood lumber item Western S-P-F KD 2×4 #2&Btr was selling for US$944 mfbm which is +$542, or +135% more. Unstoppable demand over the Holiday Season pushed prices relentlessly higher, for the week ending January 8, 2021 benchmark softwood lumber commodity item Western S-P-F KD…
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New Year 2021 Starts Off With Rising Softwood Lumber Prices
Read more: New Year 2021 Starts Off With Rising Softwood Lumber PricesIn the first full week back to work of 2021, the latest data of housing construction and home sales out of the US shows a marked increase over the previous year. The economic indicators for future home building, and remodelling, are rosy. Macroeconomic conditions in the US remain murky, however there are two things that…
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US Railcar Loadings: 2020
Read more: US Railcar Loadings: 2020Total combined U.S. traffic for 2020 was 25,157,476 carloads and intermodal units, a decrease of -7.2% compared to last year. Total U.S. carload traffic for the first 12 months of 2020 was 11,482,059 carloads, down -13%, or 1,705,963 carloads, from the same period last year; and 13,675,417 intermodal units, down -2%, or 255,634 containers and…
