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US House Prices vs. Softwood Lumber Prices: Dec 2019

US House Prices vs. Softwood Lumber Prices: Dec 2019

Median US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 3Q 2019 US house prices rose in 3Q 2019, up +1.1 per cent according to the US Federal Housing Finance Agency (FHFA) House Price Index (HPI), released November 26. House prices in the US rose +4.9 per cent from 3Q 2018 to 3Q 2019. FHFA’s seasonally adjusted monthly index for September was up +0.6 per cent from August. “According to the latest home price forecast…

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New NAFTA Deal Signed, Softwood Lumber Prices Hold Steady

New NAFTA Deal Signed, Softwood Lumber Prices Hold Steady

A significant uncertainty for North American business owners was resolved Tuesday as Canada, the US, and Mexico signed the new trilateral trade agreement, the CUSMA. Full details will be revealed soon, and the new deal will take effect January 1, 2020. Also this week the Western Wood Products Association released its latest monthly Lumber Track of Canadian and US softwood lumber production and sawmill capacity utilization data, for September 2019. There is not much improvement in the figures, since all…

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Canada/US/Mexico Free Trade Deal Signed

Canada/US/Mexico Free Trade Deal Signed

The United States and Mexico have confirmed an agreement has been reached on a new North American free trade deal. U.S. House Speaker Nancy Pelosi said in Washington Tuesday morning that congressional Democrats were supportive of the changes. Ways and Means Committee Chair Richard Neal said completion of the deal came after a round of intense discussions and phone calls between key parties over the weekend. The new version of the deal between Canada, the US, and Mexico, will get…

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

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

Continuing flat, as last month, the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-September 2019, shows US softwood lumber production volume still basically flat from from the same time last year, to 26,616 mmfbm. Like last month, January – September softwood lumber production in Canada continued big drops since the beginning of this year, once more falling -11%, to 18,608 mmfbm, compared to the first nine months of 2018 when it was 20,889 mmfbm. In…

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Looking Forward to 2020: Global Forest Industry

Looking Forward to 2020: Global Forest Industry

This year is not over yet, but it has been one of a never-before combination of circumstances. Dire circumstances. Storms, floods, fires, in residential areas and in the forest. Adjusting to the new economics of the business of making and selling lumber has not been easy. The economic reality of the condition of the harvestable forestland in comparison to where the roads are etc, has meant long-term curtailments and closures as never seen before.In hindsight this might seem appropriate for…

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Biomass Fuel Developments, Research Update

Biomass Fuel Developments, Research Update

There have been several developments, both industrial and scientific, in the exciting field of generating energy from woody biomass material. Here are a few updates:According to University of British Columbia Chemical and Biological Engineering Professor Xiaotao (Tony) Bi, wood pellets are the best choice for residential heating. Environmentally speaking, wood pellets are an ideal fuel for industry and district heating. Waste-wood materials, such as sawdust, are bound into pellets in a high-temperature pelletization process; no additives or glues are used….

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Overview of Current North American Softwood Lumber Market: 3Q 2019

Overview of Current North American Softwood Lumber Market: 3Q 2019

Please find below the results of Madison’s most recent investigation into questions regarding a possible difference between North American softwood lumber prices into USA and those domestically within Canada, in view of the latest US softwood lumber duty, submitted to federal government of Canada (September 30, 2019): Download Full Report: Canada Domestic Softwood Lumber Price 2019 SEPT OVERVIEW OF CURRENT NORTH AMERICAN LUMBER MARKET: 3Q 2019 The question at hand: • is there apparently a price difference between Canadian sales…

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Softwood Lumber Prices Stabilize, WTO Could Stall Next Week

Softwood Lumber Prices Stabilize, WTO Could Stall Next Week

On December 10th is the deadline for retirement of two of the three remaining Appellate Judges at the World Trade Organization, where there are currently disputes revolving around North American softwood lumber. This WTO appellate panel, which usually has seven people, now only has the legal minimum of three, until December 10. Following years of pent-up US frustration over the behaviour of the WTO’s ultimate dispute-resolution body, the administration of President Donald Trump began blocking the appointment of new panellists….

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Canada Railway Strike Ends, Softwood Lumber Prices Moderate Up

Canada Railway Strike Ends, Softwood Lumber Prices Moderate Up

Thankfully the work stoppage on CN Rail ended — as of mid-day Tuesday — which was soon enough to avoid truly negative impact on Canada’s forest industry. After achieving dizzying highs in summer 2018, most standard construction framing dimension softwood lumber prices are now higher than last month and one year ago, while specialty lumber items remain lower than one year ago. For now at least.Not unexpected at this time of year, another major sawmill curtailment, this time by Canfor,…

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US Existing Home Sales, Prices: Oct 2019

US Existing Home Sales, Prices: Oct 2019

The US National Association of Realtors said Thursday that sales of existing homes in the US rose +1.9% in October 2019 to a seasonally adjusted annual rate of 5.46 million units. That’s +4.6% higher than a year ago. US existing home sales October 2019 up +1.9% to 5.46 million units, Median existing home prices up +6.2% to US$270,900 As well, the NAR’s measure of median US existing home prices rose +6.2% in October from a year earlier, to US$270,900. That’s…

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