The North American softwood lumber market continued it’s inexorable slide downward toward year-end last week, with prices even further lowered over the week before. After a wild ride into the stratosphere over the summer of 2018, the supply-demand balance corrected sharply in favour of buyers. Manufacturers of solid wood construction framing materials in Canada and…

Madison’s finds it difficult to convey precisely the level of deep shock at the surprise raid of RISI‘s European offices by securities officials in January 2018. The details are very ugly, and shed light on some extremely serious credibility issues: By CPI on January 16, 2018 “In a statement to the markets, Euromoney confirmed that…

A sudden uncertainty has arisen for the North American forest products industry, in the form of a possible labour disruption in British Columbia. As announced last week by Madison’s, the United Steelworkers issued strike notice which could affect several BC sawmill operations. Workers have been without a contract since July: https://madisonsreport.com/2018/10/04/united-steelworkers-issue-strike-notice-to-northern-british-columbia-sawmills/ Now, the latest news…

Further to our story last week about recent changes in the US housing market, it seems that — as the US real estate market continues to recover from the epic crash of 2006 — currently foreclosed homes are appreciating faster than the typical US home. According to MarketWatch Monday, homes that were foreclosed on during…

This was a week with a lot of important news coming out: Canada signed the USMCA, which does not mention softwood lumber but does renew the very important Chapter 19 dispute resolution mechanism, the United Steelworkers issued strike notice to northern British Columbia sawmill operators, and the latest news on US home building and sales…

A strike would impact Tolko operations in both Quesnel and Williams Lake, as well as the West Fraser planer operation in the Lake City, Dunkley Lumber and other operations in Prince George, Houston, Burns Lake, Fort St. James, Mackenzie and Fort St. John, according to My Cariboo Now Wednesday. The union representing roughly 2,000 forestry…

The next issue of the fabulous Madison’s BC Coast Log Prices, including August log price data, was released Friday. This is not BC government data, this is real logs sold at the Vancouver Log Market (see tech details here: https://madisonsreport.com/2018/09/27/british-columbia-coast-log-prices-august-2018-preview/). These are market prices, they are transaction-based. This is a brand-new data set which which…

North America softwood lumber prices took quite a tumble again last week as customers bought leanly and negotiated hard, and producers claimed sawmill order files have stretched out to two weeks. Some operators in the East were able to nail down a solid price floor. As forest industry activity and sawmilling in Canada and the…

Here are screenshots of the fabulous new Madison’s Lumber Prices via Forest2Market‘s SilvaStat360, updated Friday for this weeks North America softwood lumber and panel prices: If you toggle the notepad at the top right of each softwood lumber commodity group box, you can see the softwood lumber market commentary for those items: Current readers are…

We at Madison’s are today completing the next fabulous issue of our *NEW* product: British Columbia Coast Log Prices, updated with August log price data. Don’t miss out! Call or email us today to order your subscription to this vital and timely monthly information. Here is a graph of log price trend vs lumber prices…

U.S. housing starts rose 9.2% in August, driven by an outsize leap in apartment building that masked weakening across single- and multifamily construction. Single-family housing starts in August rose 1.9% to a seasonally adjusted annual rate of 876,000 units, and multifamily starts soared 27.3% to an adjusted annual rate of 392,000 units, according to the…

There was quite a price correction for almost all North American softwood lumber and panel commodities last week, as the producer advantage through most of this year evaporated and a more normal seasonal supply-demand balance was restored. While customers were still interested in buying wood, generally their inventory needs for remaining 2018 construction projects have…

Madison’s Lumber Prices via SilvaStat360: Individual Screen Demo   DIRECTLY access the Madison’s dashboard https://silvastat360.forest2market.com/madisons/ Log in:  •   Click “Forgot your password?”. A temporary password will be sent to your email address. You can return to the sign in screen as soon as you are prompted to do so. •   Sign in by using that same email address as your user name…