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Softwood Lumber Prices Flatline as Supply Balances with Demand
Read more: Softwood Lumber Prices Flatline as Supply Balances with DemandThe closures and curtailments at North American softwood lumber manufacturers earlier this year, almost all at British Columbia sawmills, has achieved it’s intended consequence of improved supply-demand balance. Until that wood production went offline, order files at most sawmills were one week or less, which is incredibly short for the time of year. In recent…
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Lumber Prices Moderate as 2019 Summer Begins in North America
Read more: Lumber Prices Moderate as 2019 Summer Begins in North AmericaCompared to the wild highs of one year ago, lumber prices this week can be described as “moderate”. For this exact week in 2018, the price of benchmark North American construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr flatlined for several weeks at an astonishing US$622 mfbm. Since then this price has…
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Lumber Prices Moderate as 2019 Summer Begins in North America
Read more: Lumber Prices Moderate as 2019 Summer Begins in North AmericaThis week’s price of benchmark WSPF 2×4 (wholesaler, net FOB sawmill/hub) is flat at US$402 mfbm compared to the previous week. This is +$96, or +31%, more than it was one month ago when it was US$306 mfbm. #sawmill #building #construction #wood #housing Madison’s Lumber Prices @LumberNews 1h #Lumber Prices Moderate Summer 2019 Day-to-day sales…
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US House Prices: April 2019
Read more: US House Prices: April 2019Nationally in the US, home price appreciation continued to slow in April. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices Wednesday, rose at a seasonally adjusted annual growth rate of +3.4% in April, following an increase of +3.1% in March. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index…
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US New Home Sales: May 2019
Read more: US New Home Sales: May 2019Contracts for new, single-family home sales in the US declined to a 626,000 seasonally adjusted annual rate in May according to estimates from the joint release of HUD and the Census Bureau Tuesday. This was a surprising drop due to recent softening of mortgage interest rates and continued low unemployment. Recent months’ data have been relatively positive,…
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North American Softwood Lumber Prices Continue Dizzying Reversals
Read more: North American Softwood Lumber Prices Continue Dizzying ReversalsThe sheer plummet, then flat-line, of North American construction framing softwood lumber prices for most of this year continued last week the massive reversal of the previous week. Wholesaler prices of benchmark dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr (RL) (net FOB sawmill) last week corrected up somewhat further. The ability of Eastern…
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US Existing Home Sales: May 2019
Read more: US Existing Home Sales: May 2019Boosted by lower mortgage rates, existing home sales, released by the National Association of Realtors (NAR), rebounded in May. This is the first gain in two months. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed 2.5% to a seasonally adjusted annual rate of 5.34 million in May. On a year-over-year basis, sales…
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US Lumber Imports & Exports vs Softwood Lumber Prices: April 2019
Read more: US Lumber Imports & Exports vs Softwood Lumber Prices: April 2019US lumber imports from the world crashed in April, down -22% from March, said US Census Bureau in the latest data release Tuesday. US lumber imports from Canada are down almost -25%. US lumber imports from China are down only -5% in April 2019 compared to March. US exports of softwood lumber for April 2019…
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Canada Lumber Manufacturing & Sales, Exports vs Softwood Lumber Prices: April 2019
Read more: Canada Lumber Manufacturing & Sales, Exports vs Softwood Lumber Prices: April 2019Lumber production in Canada increased by +18.7% from February to 5,528.3 thousand cubic metres in March, said Statistics Canada in the latest data release June 5. Production was -5.3% lower than in March 2018. Sawmills shipped 5,145.1 thousand cubic metres of lumber in March, up +15.7% from February and -2.1% lower than in March 2018.…
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US Housing Starts: May 2019
Read more: US Housing Starts: May 2019Total housing starts in the US posted a -0.9% decrease in May, to 1.269 million units, compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release Tuesday from the US Census Bureau and HUD.Relative to May 2018, total starts are -4.7% below the annual pace of 1.332 million units. …
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Softwood Lumber Sales Explode on More Major Sawmill Curtailments
Read more: Softwood Lumber Sales Explode on More Major Sawmill CurtailmentsAfter inexplicably wallowing in the doldrums for 2019 so far, North America wholesaler softwood dimension lumber prices reversed spectacularly last week. US housing starts for May, released Tuesday morning, were relatively stable compared to April. Potentially helpful to players seeking understanding of current market conditions, prices quoted for the July contract of softwood lumber futures…
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Madison’s Lumber Reporter Weekly Prices Snippet:
Read more: Madison’s Lumber Reporter Weekly Prices Snippet:WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
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WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbm
Read more: WSPF KD #2&Btr 2×4 price leaps 20% to US$376 mfbmSeveral benchmark North American construction framing softwood lumber prices rebound spectacularly … Key Comment : Sales of Western Spruce-Pine-Fir exploded following a Canfor announcement of sweeping curtailments across many multiple production facilities. https://madisonsreport.com/lumber-prices/ Madison’s Lumber Prices Weekly Market Commentary Snippet Western SPF: USA Recrudesce Following Canfor’s major curtailment announcement Monday, sales of Western Spruce-Pine-Fir “exploded”…
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US Home Values 1Q 2019: Record-Highs
Read more: US Home Values 1Q 2019: Record-HighsThe value of all US owner-occupied homes increased to a record US$26.1 trillion in 1Q 2019, according to a Federal Reserve report known as the Flow of Funds, released Thursday. That was a gain of +4.3% from a year earlier, the slowest annualized increase since 2012. The collective value of US homes is now +15% higher than…
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CoreLogic US Homeowner Equity Insights: 1Q 2019
Read more: CoreLogic US Homeowner Equity Insights: 1Q 2019According to CoreLogic’s US Home Equity Report, released Monday, only about 4.1% of homeowners with mortgaged properties, which represent about 63% of all US homes, were underwater as of the end of 1Q 2019. In 1Q 2019, the total number of US mortgaged residential properties with negative equity decreased -1% from 4Q 2018 to 2.2 million…
