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Tag: #Construction #Framing #North #American #Softwood #Lumber

Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 20 ’18

Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 20 ’18

The manufacture and sale of North America softwood lumber and panel raced headlong into the US Thanksgiving long weekend after two years of a very tumultuous market. Madison’s own expectations were for the recent annual North American Wholesale Lumbermen’s Association (NAWLA) meeting in Chicago, IL, to be “off-the-hook” as the kids say. While extremely well attended and busy, actual trading activity at this important forest industry event was muted to say the least. Producers have solidified relationships and customers have…

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Curtailments, Closures, Job Action at British Columbia Sawmills

Curtailments, Closures, Job Action at British Columbia Sawmills

Fast on the news last week that the respective bargaining committees, for workers and employers, were making progress and a deal seemed imminent, this weekend came word of possible more continued rotating strikes for British Columbia sawmills. According to the United Steelworkers, contract talks have broken down with the Interior Forest Labour Relations Association (IFLRA), an organization that represents forestry employers, said Global News Saturday. The United Steelworkers represents approximately 2,600 workers in southern British Columbia, according to union Local…

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West Fraser Permanently Reduces Sawmill Production; Canfor and Conifex Curtail Sawmills

West Fraser Permanently Reduces Sawmill Production; Canfor and Conifex Curtail Sawmills

West Fraser in Quesnel, BC, will be eliminating a shift at its sawmill, said MyPrinceGeorgeNow Wednesday. The company says it will permanently curtail approximately 300 million board feet of combined production at its Fraser Lake, BC, and Quesnel sawmills. A total of 75 employees will be impacted in Quesnel, over 1Q and 2Q 2019, although the company says it expects to mitigate the impact on affected employees by offering them work opportunities at other West Fraser operations. The company says…

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US House Prices, Construction Jobs: Sept 2018

US House Prices, Construction Jobs: Sept 2018

CoreLogic® Thursday released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for September 2018, which shows US home prices rose both year over year and month over month. Home prices increased nationally by 5.6 percent year over year from September 2017. On a month-over-month basis, prices increased by 0.4 per cent in September 2018. (August 2018 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide…

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Canada Lumber Production Down, Sawmill Sales Up: August 2018

Canada Lumber Production Down, Sawmill Sales Up: August 2018

The latest data, released by Statistics Canada Thursday, shows lumber production in Canada fell -1.5 per cent in January to August 2018 compared to one year earlier, with sawmills producing 50,389 thousand cubic metres of lumber, compared to 51,125 thousand cubic metres for the first eight months of 2017. In separate data released by Statistics Canada also Thursday, sawmill sales for Quebec, Alberta, and British Columbia combined in January to August 2018 increased +9.9 per cent to $10.1 billion, compared to $9.1 billion…

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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 14, 2018

Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 14, 2018

A topsy-turvey North American softwood lumber market righted itself somewhat last week even as large numbers of lumber traders descended on Chicago, IL, for the annual North American Wholesale Lumbermen’s Association (NAWLA) convention. Scuttlebutt from that important event is that the Canadians were most interested in exports to Asia, especially China. Prices on most construction framing lumber commodities corrected upward after terrifying drops since Labour Day. It is true that for most of this year demand from the US for…

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Canada Wood Sales to China Set to Surge Upwards Again

Canada Wood Sales to China Set to Surge Upwards Again

The latest quarterly report Madison’s has been producing this year for the federal government of Canada has found some interesting new developments in the market dynamics of producing and selling softwood lumber products. It is encouraging that Madison’s findings are this very week corroborated by analysts at Export Development Canada: Export economist predicts China to surpass U.S. as B.C.’s top timber market — Vancouver Sun “By volume, B.C.’s exports to China peaked in 2013 when timber companies sold 7.9 million…

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North American Sawmill Capacity Utilization, Lumber Production: August 2018

North American Sawmill Capacity Utilization, Lumber Production: August 2018

US #softwood #lumber production reversed it’s decrease last month, climbing a spectacular +9.0 per cent in August compared to the month prior and continued improvements over the previous year by growing another +2.0 per cent from August 2017, according to statistics from the Western Wood Products Association’s Lumber Track. US lumber production totaled 2,908 million board feet (MMBF) in August. For the first eight months of 2018, US lumber production totalled 23,885 MMBF, a jump of +5.2 per cent from…

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Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 6, 2018

Current Softwood Lumber Prices Compared to Recent and Historical Highs: Nov 6, 2018

The North America softwood lumber market ended October 2018 in a complete reversal to the rest of the year, and indeed most of 2017. Inventories were plump, customers were silent, producers were just starting to announce seasonal downtime, and secondary suppliers had an abundance of wood on hand. At sawmills, log supply was ample. Sales phones rang infrequently, and orders were mostly for small volumes of fill-in lumber for immediate needs only. The below table is a comparison of June…

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