US Housing Starts, Home Sales, House Prices, Inventory: May 2018

US Housing Starts, Home Sales, House Prices, Inventory: May 2018

Total housing starts in the US increased in May with gains in both the single-family and multifamily sectors. Starts increased +5% month-over-month to a 1.35 million seasonally adjusted annual rate, according to a joint data release June 19 from the US Census Bureau and HUD. This pace is a post-recession high. The rate of single-family starts, which accounts for the largest share of the housing market, was +3.9% higher in May, reaching a 936,000 annual rate. Recent growth trends for…

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British Columbia Coastal Log Prices, Monthly: 2013 to May 2018

British Columbia Coastal Log Prices, Monthly: 2013 to May 2018

Your weekly North American softwood lumber and panel price guide, Madison’s Lumber Reporter, is delighted to announce a brand-new data set to help keep the Canadian and US forest products industry informed and up-to-date on the latest data and market information. British Columbia Coastal Log Prices, Monthly: 2013 to May 2018 The information tool for your forest management and investment planning decisions. Our *new* monthly log price report is tailored to provide you with vital data about prices of various…

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It’s a Brand-New, Uncharted World for Softwood Lumber Prices

It’s a Brand-New, Uncharted World for Softwood Lumber Prices

A waffling North American softwood lumber market started to settle down last week, as the Madison’s price graphs showed in our previous issue. On May 2 this year, Madison’s took the bold step — and one we do not tread upon lightly — of declaring a new floor on prices of benchmark North American softwood lumber commodity WSPF KD 2×4 #2&Btr, of US$500 mfbm. We suggest this might be a new reality for the next approximately 18 months or so:…

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US Construction Jobs Openings: March 2018

US Construction Jobs Openings: March 2018

The count of unfilled jobs in the US construction sector was effectively unchanged in April, remaining near post-Great Recession high levels. According to the US Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) and National Association of Home Builders’ analysis, released June 5, the number of open construction sector jobs came in at 232,000. The post-recession high count of open, unfilled construction jobs was 255,000 in July of last year. The number of open construction sector…

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Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing

Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing

  A huge sell-off of futures this week took no one by surprise, then on Thursday a reversal to positive trades brought settlement this week to approximately US$555 but on minimal volume. In cash, prices wallowed at close to last week’s levels, with significant adjustments on some specific items as price sheets stabilized. The long-awaited wood of this winter has finally been arriving on the railways, and sawmills are able to move freshly-produced wood out of their yards. Customers, for…

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North America Softwood Lumber Production, Sawmill Capacity: March 2018

North America Softwood Lumber Production, Sawmill Capacity: March 2018

Softwood lumber production in Canada dropped -2.4% in January to March 2018, from 7,249 million board feet to 7,074 mmfbm for the same time last year, said the Western Wood Products Association’s monthly Lumber Track Wednesday, In the US, softwood lumber production increased by +2.7%, at 8,557 million board feet versus 8,333 million the first three months of the previous year. North America Sawmill Capacity Utilization Rates Softwood lumber production in Canada dropped -2.4% in January to March 2018 while…

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Canadian International Merchandise Trade: Annual Review 2017

Canadian International Merchandise Trade: Annual Review 2017

On June 6 Statistics Canada released data showing, on a quarterly basis, the value of Canadian exports of lumber and other sawmill and millwork products declined in 1Q (-2.2%) and 3Q (-6.4 %) 2017. Canadian export values of softwood lumber fluctuated substantially throughout 2017, as softwood lumber duty rates and coverage varied, said StatsCan. The modest increase in 2Q exports (+0.3%) resulted from growth in prices and lower volumes, while higher prices combined with temporary tariff reprieves contributed to a sharp +13.7% 4Q…

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Canada Building Permits, Construction Investment: April and 1Q 2018

Canada Building Permits, Construction Investment: April and 1Q 2018

Canadian municipalities issued $7.8 billion worth of building permits in April, down -4.6% from March, said Statistics Canada June 6. Declines were reported in every component except commercial buildings. In the residential sector, the value of permits issued by municipalities fell 4.3% to $5.1 billion in April. Five provinces posted declines led by British Columbia. In the multi-family dwelling component, municipalities issued $2.7 billion worth of building permits in April, down 5.2% from March. Four provinces contributed to the drop, with British Columbia and Alberta recording…

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Madison’s Lumber Reporter Next Generation: Order Now!

Madison’s Lumber Reporter Next Generation: Order Now!

Madison’s is your premiere source for softwood lumber news, prices, industry insight and industry contacts. We have a variety of products to meet your information needs including: Madison’s Lumber Reporter ** ORDER IT TODAY** DON’T DELAY >>> http://forest2market.com/madisons-lumber-reporter Added value for subscribers includes access to historical data and the ability to filter and download data and save custom queries Vancouver, BC and Charlotte, NC May 15, 2018 — Today, Madison’s and Forest2Market announce a partnership formed to bring Madison’s Weekly…

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Politics Upends the Lumber Market

Politics Upends the Lumber Market

The unprecedented turned to the frankly surreal last week as Canada placed retaliatory duties on a wide range of US imports, including wood and paper products. The latest trade data, meanwhile, shows quite a glowing picture of product sales across the Canada-US border for 1Q 2018. Current Softwood Lumber Prices Compared to Recent and Historical Highs The recently-entrenched transportation and logistics issues are slowly getting worked through in the North American forestry supply chain, and now both CN Rail and…

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