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US Home Building, Canada Lumber Production: 3Q 2019

US Home Building, Canada Lumber Production: 3Q 2019

The Case-Shiller US National Home Price Index, reported September 24 by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of +3.2% in July 2019, following an increase of +3.4% in June. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index rose by +3.3% in July.See Full Details Here: https://madisonsreport.com/2019/09/26/us-house-prices-july-2019/ Year-over-year home prices in the US continued to gain, but at ever more modest rates,” says Philip Murphy, Managing Director and Global Head of…

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Madison’s WSPF Lumber Prices Oct 17: sneak preview

Madison’s WSPF Lumber Prices Oct 17: sneak preview

The full North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After dropping -$8 last week, The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr rose +$2 this week to US$370 mfbm; Utility/#3 regains the +$12 it lost last week to US$242 mfbm. This week’s lumber market story published to the website Wednesday: https://madisonsreport.com/2019/10/16/benchmark-softwood-lumber-price-loses-ground-specialty-item-prices-tank/ : “The price of benchmark…

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Benchmark Softwood Lumber Price Loses Ground, Specialty Item Prices Tank

Benchmark Softwood Lumber Price Loses Ground, Specialty Item Prices Tank

The price of benchmark construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr dropped another -$8 last week as customer reluctance to buy won over supplier stubbornness to keep prices higher. For their part, many specialty items like Douglas fir green, studs in Eastern Canada, and plywood, dropped significantly as players were better able to assess the supply-demand balance. Having just been celebrated in Canada, the US Thanksgiving long weekend looms into view. This date usually marks the…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: July 2019

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: July 2019

The latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-July 2019, shows a -0.1% decrease in US softwood lumber production volume from the same time last year, to 20,687 mmfbm. January – July softwood lumber production in Canada increased drops through most of this year, down by another -10%, to 14,720 mmfbm, compared to the first seven months of 2018 when it was 16,371 mmfbm. In British Columbia, significant sawmill curtailments brought another huge drop in…

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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…

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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…

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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…

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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…

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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…

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