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Opinions Vary on Market Conditions as Lumber Prices Rise
Read more: Opinions Vary on Market Conditions as Lumber Prices RiseFURTHER TO LAST WEEK’S LUMBER MARKET COMMENT “Prices Are Elevated and Might Just Correct Downward” …. Madison’s has received, and is receiving many comments with informed opinions from operators: An astonishing increase in values of lumber futures on the Chicago Merchantile Exchange in the past week did a lot to keep upward pressure on cash…
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Canada Lumber Exports, Not to USA
Read more: Canada Lumber Exports, Not to USAThe China section of Canada Wood Group wrote February 6 that from January to November 2017 China’s forestry fixed asset investment totalled RMB 204.1 billion (C$40.13 billion), representing +3.2 per cent growth year-on-year. During the same period wood volumes imported via Taicang Port equalled 10.29 million cubic metres, which is equal to a +27.18 per…
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US Real Estate Owned (Foreclosure) Inventory: 4Q 2017
Read more: US Real Estate Owned (Foreclosure) Inventory: 4Q 2017Freddie Mac reported Thursday the number of Real Estate Owned (or foreclosure) housing inventory in the US declined to 8,299 units at the end of 4Q 2017, compared to 11,418 at the end of 4Q 2016. For Freddie, this is down -89 per cent from the 74,897 peak number of REOs in 3Q 2010, and…
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New Housing Price Index, Canada: December 2017
Read more: New Housing Price Index, Canada: December 2017Nationally, prices for new houses in Canada were unchanged in December, while showing limited growth in some markets, according to Statistics Canada February 8. In December, new house prices in Canada were unchanged for the first time since April 2015. Buyers in 15 of the 27 census metropolitan areas surveyed saw no price change. Increases…
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Japan Housing Starts: December 2017
Read more: Japan Housing Starts: December 2017According to a report released by Japan’s Ministry of Land, Infrastructure, Transport and Tourism on January 31st, Japan’s housing starts in December 2017 were 76,751 units (down -2.1 per cent from the same month in the previous year), falling below the previous year’s results for six consecutive months, according to the Japan Lumber Journal Thursday.…
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Canada Sawmills: November 2017
Read more: Canada Sawmills: November 2017Lumber production at Canadian sawmills fell -1 per cent from October, with sawmills producing 5,929 thousand cubic metres of lumber in November, said Statistics Canada February 8. Production was -1.5 per cent lower than in November 2016. Sawmills shipped 5,656 thousand cubic metres of lumber in November, down -3.9 per cent from October and -4.8…
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Softwood Lumber Prices Are Elevated and Might Just Correct Downward
Read more: Softwood Lumber Prices Are Elevated and Might Just Correct DownwardTransportation problems continued to plague softwood lumber suppliers and customers, providing opportunity for producers to keep prices up as they could legitimately not say when wood ordered two weeks ago would get delivered. In this new reality of the forest industry, it is becoming apparent that demand for uses beyond only US home building is…
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US Household Formations, Home Prices: 4Q 2017
Read more: US Household Formations, Home Prices: 4Q 2017The US homeownership rate stands at 64.2% in 4Q 2017, up from 63.7% a year ago and 63.9% in 3Q according to the Census Bureau’s Housing Vacancy Survey, released January 30. US Household Formations, Home Prices: 4Q 2017 After dropping to a cycle low of 62.9% in 2Q 2016, the national homeownership rate seems to…
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Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018
Read more: Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018Last week has started to come out actual data of timber supply loss due to wildfires in northwest North America, and it’s really bad. Details to come. Otherwise, lumber demand continued strong even as customers digested the rush of wood ordered three weeks ago. As extreme transportation woes continued unabated, sawmills took to quoting on…
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Madison’s Heating Wood Pellet Report: December 2017
Read more: Madison’s Heating Wood Pellet Report: December 2017The latest issue of Madison’s North America Heating Wood Pellet Report has been emailed to subscribers. Be the first to get this vital and timely information directly into your inbox as soon as it is available! Don’t miss out on the very latest data for Canadian and US sawmill residuals sales, biomass feedstock for energy…
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Japan Wood Product Demand Projection: 1H 2018
Read more: Japan Wood Product Demand Projection: 1H 2018The Japan Forestry Agency has held it’s meeting for estimating wood product demand projection for the first half of 2018, said the Japan Lumber Reports Monday. Officials expect a drop in domestic supply of logs to bring an increase in Japan’s log imports from North America in 2Q 2018 and from New Zealand in 1Q.…
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Sticker Shock Restrains Buying but Lumber Prices Remain High
Read more: Sticker Shock Restrains Buying but Lumber Prices Remain HighThe recent huge burst of buying slacked off this week as lumber futures descended from their up-limit of last week to crash down-limit Monday and trigger a stop-order on the Chicago Mercantile Exchange. In the cash market, customers — still reeling from sticker-shock last week — held off on buying unless absolutely desperate for fill-in…
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Forestry Economics Paper : Madison’s co-author
Read more: Forestry Economics Paper : Madison’s co-authorMadison’s is very excited to announce today just this first step in the fabulous range of *new* products and information streams we have coming online in the first half of this year! Parajuli Zhang Kosman_FPE 2018 https://www.sciencedirect.com/science/article/pii/S1389934117303209 Province specific impacts of the 2006 United States-Canada Softwood Lumber Agreement: A seemingly unrelated regression approach Based on monthly data from January…
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Resolute Forest Products CEO Steps Down
Read more: Resolute Forest Products CEO Steps DownA dearth of truckers in Canada is hindering shipments from Resolute Forest Products’ sawmills to its paper mills, outgoing Chief Executive Officer Richard Garneau said Thursday on an earnings conference call. The Montreal-based company slowed down production in December after the shortage and harsh winter conditions led to a lack of woodchips at its mills…
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North America’s Forest Products Industry, A Look Forward: 2018
Read more: North America’s Forest Products Industry, A Look Forward: 2018The US National Association of Home Builders has released full-year 2017 data for US single- and multi-family home building, and remodelling. The numbers are shaping up to show a very glowing picture indeed, of the next two years likely, for the main customers of US and Canadian solid wood construction framing dimension lumber products. NAHB…
