Browsed by
Tag: CFF.TO

Madison’s Western SPF Prices This Week: Sneak Preview

Madison’s Western SPF Prices This Week: Sneak Preview

Benchmark North America construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&btr prices are mostly level into mid-October 2019. Full price list will be released tomorrow, Friday morning, by 8:30am Eastern time! Don’t miss out . . . sign up now to receive this vital and timely information directly to your desktop every week:https://www.forest2market.com/madisons-lumber-reporter

US Construction Job Openings: Aug 2019

US Construction Job Openings: Aug 2019

The US construction sector hiring rate, as measured on a twelve-month moving average basis, held steady at 5.3% in August 2019. The twelve-month moving average for layoffs ticked up to 2.5%, continuing a rising trend in recent months. Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in August. The estimated number of job openings in the construction sector increased to 379,000 after reaching a post-Great Recession high of 434,000 in April. The August…

Read More Read More

US Building Materials Prices: Sept 2019

US Building Materials Prices: Sept 2019

The PPI report shows that softwood lumber prices increased +3.8% in September 2019—the index’s largest percentage increase since prices rose +4.8% in June 2018. Prices have fallen -8.7% over the last 12 months but remain nearly +15% higher than they were in 2016. Prices paid for goods used in residential construction in the US decreased by -0.3% in September according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Building materials prices have declined an average of…

Read More Read More

Benchmark Western Spruce-Pine-Fir 2×4 Price Matches One-Year-Ago

Benchmark Western Spruce-Pine-Fir 2×4 Price Matches One-Year-Ago

Most North American construction framing dimension softwood lumber commodities last week achieved price levels seen at this time in 2017, while benchmark item Western Spruce-Pine-Fir KD 2×4 #2&btr price now matches this week last year. After soaring to record-level highs during the 2018 US home building season, softwood lumber prices slid inexorably downward well into this summer. The stringent and painful sawmill closures and curtailments during this year have done well to keep a healthy supply-demand balance. While customers are…

Read More Read More

Madison’s WSPF Lumber Prices: sneak preview

Madison’s WSPF Lumber Prices: sneak preview

The full North America softwood lumber price list will be updated as usual first thing tomorrow morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After waffling up and down $6 over the past two weeks, the price of standard 2x4s remain flat this week at US$376 mfbm; Utility/#3 loses another $12 from last week. This week’s lumber market story published to the website Tuesday: Softwood Lumber Prices Moderate Nicely, Truck Loggers Descend on Vancouver, BC…

Read More Read More

Softwood Lumber Prices Moderate Nicely, Truck Loggers Descend on Vancouver, BC

Softwood Lumber Prices Moderate Nicely, Truck Loggers Descend on Vancouver, BC

Drama unfolded large in downtown Vancouver, BC, last week, where was being held the Union of British Columbia Municipalities annual meeting. Mayors and political leaders from across the province were greeted by a convoy of 230 unloaded logging trucks arriving Friday morning to large crowds of surprised, and cheering, onlookers. The issue of reduced timber supply is hitting especially rural areas hard, so log truck operators decided to make a statement directly in the faces of decision-makers. At the same…

Read More Read More

BC Coast Log Prices: August 2019

BC Coast Log Prices: August 2019

There are many developments on so many fronts for the North American forest products industry. Below is a small recap. KEY POINTS: • Softwood lumber prices moderate to levels reasonable when compared to cost-of-production, but the threat of reduced timber supply rushed to the forefront as 230 unloaded logging trucks arrived in convoy directly to downtown Vancouver this week, where was held the annual Union of BC Municipalities meeting. • US housing starts were not terrible but home sales of…

Read More Read More

US House Prices: July 2019

US House Prices: July 2019

Softwood lumber prices are a good forward indicator of US home buying activity and house prices. Lumber prices are published every week for that week; housing data comes out monthly with a 2 to 3 month lag. — Madison’s Lumber Prices In July, national home prices in the US continued to grow at the same pace as in June. The US National Home Price Index, reported by S&P Dow Jones Indices rose at a seasonally adjusted annual growth rate of +1.7% in…

Read More Read More

US New & Pending Home Sales: August 2019

US New & Pending Home Sales: August 2019

Data released Thursday shows contracts for new, single-family home sales in the US increased in August by +7.1% to a 713,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. For it’s part, the Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), rose +1.6% from 105.6 in July to 107.3 in August, the second-highest level since 2018. On a year-over-year basis, sales were +2.5% higher than a year ago. Fast on the…

Read More Read More