MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:
Key comment: “Prices leaped up again, demand appeared to strengthen further, and trucking was tight.”
Prices reflect week of April 23, 2021 (CLICK TABLE TO ENLARGE)
Weekly North America #Softwood #Lumber Benchmark Prices
All prices are net FOB mill in U.S. dollars per 1,000 board feet unless otherwise noted. * denotes Canadian dollars per 1,000 square feet Green = not dried KD = kiln dried PET = precision end trim R/L = random lengths SPF = Spruce-Pine-Fir Std&Btr = standard & better (a grade)
SOFTWOOD LUMBER INDUSTRY MARKET PRICES, NEWS AND INFORMATION
Continued Strong US Housing Construction and Home Sales Push Lumber Prices Higher
As April draws to a close and the usual construction season starts to come on in Canada and the US, demand for softwood lumber remains very hot. While customers are reluctant to pay these way-beyond record-breaking prices, there is little they can do to avoid buying as ongoing building projects must be completed. Builders and […]
Madison’s Heating Wood Pellets report: April 2021
More Clean Energy Funding for Remote BC Communities Natural Resources Canada (NRC) recently announced it will award more than $7 million in funding to Indigenous communities in BC to support their transition from fossil-fuel to biomass-based heating systems. The funding will be distributed through the NRC’s Clean Energy for Rural and Remote Communities program as […]
Madison’s British Columbia Coast Log Prices: Mar 2021
In an effort to make timber prices more responsive to market conditions, the latest changes to BC Timber Sales stumpage rates has that calculation based on recent lumber prices. As these changes start to take hold, the relationship between softwood lumber prices and log prices will become even more apparent. Madison’s Monthly Lumber and Forestry […]
US New Home Sales, House Prices and Softwood Lumber Prices: April 2021
Sales of new single-family houses in the US for March 2021 were at a seasonally adjusted annual rate of 1.021 million, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is up +21% from the revised Feb 2021 rate of 846,000 and up an astonishing […]
Softwood Lumber Prices and Market Update: April 2021
In the week ending April 23, 2021, the wholesaler price of Western S-P-F KD 2×4 #2&Btr was US$1,330 mfbm.
US New Home Sales, House Prices March and Softwood Lumber Prices April: 2021
Sales of new single-family houses in the US for March 2021 were at a seasonally adjusted annual rate of 1.021 million, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is up +21% from the revised March 2021 rate of 846,000 and up an astonishing […]
Lumber Prices, Wood Prices: Explanation (video)
This week Madison’s was interviewed by a woodworking YouTube channel about lumber prices and what is going on in the market: https://www.youtube.com/channel/UC5-vauitPSwmPsiGhiXlSrw “WHY are lumber prices just out of control? “Construction wood prices just keep going up. I asked an industry expert to explain, here is what she had to say. Keta Kosman, Editor Madison’s […]
Softwood Lumber Prices Reach Stratospheric Heights
April 9, 2021 — Shock and disbelief resonated throughout the North American forest products industry as solid wood construction framing building material prices surpassed expectations and just kept going up. It is a frustrating situation for sawmills as supply remains well below extremely hot, indeed unabated, demand. If anything, it looks like the home building […]
US Housing Starts March, Softwood Lumber Prices April: 2021 (video)
Compared to March 2020 total residential starts in the US last month shot up by +37% to a 1.74 million annualized rate, from 1.27 in the same month one year ago. Permits for future homebuilding increased spectacularly compared to one year ago, up by +30% to a rate of 1.77 million units last month compared […]
US Housing Starts March and Softwood Lumber Prices April: 2021
US Housing Total and 1-Unit Starts March & Benchmark Softwood Lumber Prices April 2021 This year started off with a very harsh winter, which kept construction and building activity down in January and February. March housing starts across North America show a significant rebound; something Madison’s expected, due to a big jump in permits in […]