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Canada New Home Sales: May 2020
Read more: Canada New Home Sales: May 2020Home sales recorded over Canadian MLS® Systems rebounded by a record 57% in May 2020; although, that is as a percentage of the weakest month of April on record. As such, the May gain constituted a return of only a third of the activity lost between February and April, and the May 2020 sales figure…
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Fink Machine to Distribute Schmid Energy System Boilers in Canada
Read more: Fink Machine to Distribute Schmid Energy System Boilers in CanadaFink Machine Inc., Canada’s largest supplier of wood chip and wood pellet boilers for commercial, institution and small industrial applications, is very excited to announce that we have added Schmid Energy Solutions boilers to our current product portfolio. Over the past 19 years, Fink Machine has been a very strong presence in the biomass heating…
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Softwood Lumber Prices June 2020 & US Housing Market: 1Q 2020
Read more: Softwood Lumber Prices June 2020 & US Housing Market: 1Q 2020According to the US Federal Housing Finance Agency’s (FHFA) most recent House Price Index (HPI), released May 25, US house prices rose in 1Q 2020, up +1.7% from 1Q 2019 and up +5.7% from one year ago.Elsewhere, according to the CoreLogic Home Price Index Report, delivered June 9, national home prices saw a year-over-year increase…
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Softwood Lumber Prices Finish Reversing Direction After Firm Uplift
Read more: Softwood Lumber Prices Finish Reversing Direction After Firm UpliftSales of Western-Spruce-Pine-Fir construction framing dimension softwood lumber in the United States took a step back last week as civil unrest around the country led to most buyers taking a circumspect approach, by sitting on whatever inventory they had. Construction in the Western portion of the US continued to ramp up, albeit more slowly, as…
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Madison’s Weekly Softwood Lumber Prices
Read more: Madison’s Weekly Softwood Lumber PricesMADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “There was a constant flurry of sales and inquiry in the East, particularly for panels. Demand in the West paused due to uncertainty.” Softwood Lumber Prices updated June 9, 2020 (CLICK TABLE TO ENLARGE)
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Wood Panel Prices Will Provide Indication of Remaining Summer Lumber Demand
Read more: Wood Panel Prices Will Provide Indication of Remaining Summer Lumber DemandWhen times are uncertain there is one sure thing to provide insight into particulars; panel prices. Whether it be storms, fires, or otherwise, among the most-needed items in society is plywood. Given the current situation in many regions of the US, it is assured that demand for plywood and other panel sheathing is going to…
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Madison’s Weekly Lumber Price Update: Green Table
Read more: Madison’s Weekly Lumber Price Update: Green TableSoftwood lumber buyers in North America continued to desperately cover their needs for June, while uncertainty about July-on reigned.
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Madison’s BC Coast Log Price report: May 2020
Read more: Madison’s BC Coast Log Price report: May 2020 -
Madison’s Heating Wood Pellet Price report: May 2020
Read more: Madison’s Heating Wood Pellet Price report: May 2020In late April the US Department of Agriculture’s Forest Service announced it will award US$1.5 million to seven rural communities through a new Community Wood Energy and Wood Innovation grant program. USDA to Invest in Wood Energy The new program aims to support the costs of installing wood energy systems and building innovative wood product…
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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Jan 2020
Read more: North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Jan 2020In 4Q 2019 North American softwood lumber production recovered nicely from drops over last summer, and by the end of last year made good strides in improvement, says the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January 2019 – January 2020. January 2020 US lumber production volume increased by +2%…
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Softwood Lumber Prices Keep Rising as Suppliers Look Toward Late Summer
Read more: Softwood Lumber Prices Keep Rising as Suppliers Look Toward Late SummerSawmills across North America looked toward the end of summer last week, as lumber prices continued to rise but sales volumes were unsteady. Lumber producers in the US and Canada considered this current market strength as temporary, and were already making plans for seasonal slow-downs when summer draws to a close.Softwood lumber producers consequently pushed…
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Madison’s Weekly Softwood Lumber Price Update
Read more: Madison’s Weekly Softwood Lumber Price UpdateMADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:Key comment: “Ravenous builders emerged as construction activity restarted, exposing the considerable lack of softwood lumber supply that has developed at all levels of the market.”Prices updated May 26, 2020 (CLICK TABLE TO ENLARGE)
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Softwood Lumber Prices May 2020 & Canada April and Japan March Housing Starts
Read more: Softwood Lumber Prices May 2020 & Canada April and Japan March Housing StartsThe USA purchases approximately 65% of Canadian lumber production, while Canadian buyers account for about 10%, and those in Japan take 6%.However: US and Canadian customers purchase mostly standard grades (#2&Btr), while Japan buys almost exclusively premium or “appearance” grades (J-grade) which sells for quite a bit more than standard grade does.It’s true that North…
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May Long Weekend in Canada Does Nothing to Slow Lumber Demand
Read more: May Long Weekend in Canada Does Nothing to Slow Lumber DemandA lot of regular life activities remain unknown as various jurisdictions “open up” from the Covid19 isolation and quarantine. Regardless, most North American construction framing dimension softwood lumber prices jumped once again last week on both continued healthy demand and uncertainty with supply.Producers of Western Spruce-Pine-Fir commodities in the United States said bread and butter…
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Softwood Lumber Prices May 2020 & US Housing Starts: April 2020
Read more: Softwood Lumber Prices May 2020 & US Housing Starts: April 2020Residential housing starts in the US slumped -30% from the previous month to a seasonally adjusted annual rate of 891,000, the lowest level since 2015, the Commerce Department said Tuesday. Data for March was revised up to show homebuilding declining to a pace of 1.276 million units instead of dropping to 1.216 million units as…
