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US Storm Causes Closure of Pulp Mills, Sawmills
Read more: US Storm Causes Closure of Pulp Mills, SawmillsHurricane Florence forced lumber sawmills and paper mills in the Carolinas to close temporarily as strong winds and a deluge of rain hit the coast, said Bloomberg Friday. Producers are racing to secure equipment and sites as Florence makes landfall, said Ewell Smith, executive director of the Carolina Loggers Association to Bloomberg. Companies from Domtar…
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Canadian Cedar Shakes and Shingles: Softwood Lumber Duty
Read more: Canadian Cedar Shakes and Shingles: Softwood Lumber DutyDespite its request to the U.S. Department of Commerce, Canada’s Shake and Shingle Alliance was told the country’s shake and shingle industry would not be exempt from U.S. tariffs against softwood lumber, reported Canadian Forest Industries magazine Thursday. The Alliance asked the Commerce Department in June to review which products would be affected by the…
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North America Softwood Lumber Production, Sawmill Capacity Utilization Rates
Read more: North America Softwood Lumber Production, Sawmill Capacity Utilization RatesSoftwood lumber production in Canada continued it’s drop from last year, falling another -1.7% in January to June 2018, from 14,560 million board feet to 14,316 mmfbm for the same time last year, said the Western Wood Products Association’s monthly Lumber Track Tuesday In the US, softwood lumber production stayed on an upward trajectory for…
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US Home Building, Construction Materials Prices
Read more: US Home Building, Construction Materials PricesA series of powerful storms approaching the US east coast this very week has locals in emergency mode and authorities warning of possible heavy damage. As these severe climate scenarios across North America continue to unfold so rapidly one after the other; first wildfires then almost immediately floods and storms, home and property owners alike…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Sept 10, 2018
Read more: Current Softwood Lumber Prices Compared to Recent and Historical Highs: Sept 10, 2018Following the Labour Day long weekend in Canada and the US, forest industry professionals came back to their desks this week to lumber prices further stabilized over the massive volatility of earlier this year. Very robust US new home building and remodelling — that most had not predicted last year — continues to drive unrelenting…
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BC Forest Products Exports Jan – July 2018: Values Up, Volumes Down
Read more: BC Forest Products Exports Jan – July 2018: Values Up, Volumes DownThis week the Economic Services Branch of the British Columbia Ministry of Forests, Lands, Natural Resource Operations and Rural Development released both the annual Economic State of B.C.’s Forest Sector for 2017 and the latest data on BC forest products exports, for January to July 2018: 2017 Economic State of the British Columbia Forest Sector…
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US Home Prices Rise 3X Faster Than Rents
Read more: US Home Prices Rise 3X Faster Than RentsIn a very interesting metric that provides excellent forecast to future US home prices, according to Construction Wire, as home prices rise across the US, choosing to rent has become increasingly popular. New analysis by realtor.com® reveals the monthly costs of buying a home have risen by 14% over the past year. This is more…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: August 31, 3018
Read more: Current Softwood Lumber Prices Compared to Recent and Historical Highs: August 31, 3018A seemingly incomprehensible North America softwood lumber market in 2018 continued it’s recent stabilization to end this pre-Labour Day holiday week somewhat moderated over last week. In the past week softwood lumber futures on the Chicago Mercantile Exchange have swing between US$425 and US$450, which provided little additional insight to this puzzling year but at…
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British Columbia Wildfires 2018/18: Impact on Forest Industry
Read more: British Columbia Wildfires 2018/18: Impact on Forest IndustryThe worst of possible bad news has happened and the wildfires across North America this year are as bad or worse than 2017. It looks like the wildfire experts were correct for the past couple of years when they said these epic forest fires are the new normal. Wildfire ecologists in British Columbia have been…
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US Newsprint Duties Cancelled, Funds to be Returned to Canadian Companies
Read more: US Newsprint Duties Cancelled, Funds to be Returned to Canadian CompaniesThe U.S. International Trade Commission has overturned duties imposed on Canadian newsprint, said the Canadian Press today. The commission says it found that imports of the paper product, part of the wider category of uncoated groundwood paper, do not injure US industry. The U.S. Commerce Department imposed anti-dumping and countervailing duties of various levels on…
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US Coniferous Log Exports: First Half 2018
Read more: US Coniferous Log Exports: First Half 2018Further to Madison’s latest story, about the skyrocketing levels of US softwood lumber exports to China, is equally stunning increase of US coniferous log exports to China. At the same time that Canadian sawmills are being blamed for the stark rise in North American construction framing lumber prices, in large part due to punishing US…
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US Softwood Lumber Exports: First Half 2018
Read more: US Softwood Lumber Exports: First Half 2018As an exciting sneak preview of the upcoming quarterly issue of Madison’s Forest Pulse, the latest data on US lumber exports paints an astonishing picture. Given that Canadian sawmills are being blamed for high lumber prices — in large part due to the current punishing US softwood lumber duties — the stunning increases in US…
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Sawmill Sale
Read more: Sawmill SaleAnthony Timberlands, out of Bearden, AR, has contracted to purchase the Watson Sawmill Company hardwood sawmill and chip mill facility in Mount Holly, according to the Magnolia Reporter August 24. The purchase price was not disclosed. The mill employs about 70 people “The Watson mill is a modern, state of the art, facility in all respects,”…
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Current Softwood Lumber Prices Compared to Recent and Historical Highs: August 27, 2018
Read more: Current Softwood Lumber Prices Compared to Recent and Historical Highs: August 27, 2018This week the North American softwood lumber market “settled down” (to use that term lightly) from the wild swings of the past couple of months. Supply was carefully assessed as field inventories were well-stocked but also wood kept going out the door. A more accurate sawmill order file than the previous few weeks was pegged…
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US Softwood Lumber Production up Almost 6% From Last Year
Read more: US Softwood Lumber Production up Almost 6% From Last YearSawmills in the United States produced 14.752 billion board feet (bbf) of softwood lumber in the first five months of 2018, a +5.9% increase from output of 13.937 bbf in the same period last year, said the latest Western Wood Products Association Lumber Track report. Western US sawmills accounted for 6.180 bbf to the five-month…
