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Tag: lumber trade

Softwood Lumber Prices Stabilize Even as Inventories Remain Weak

Softwood Lumber Prices Stabilize Even as Inventories Remain Weak

After a wild ride down then up over the past few months, most standard construction framing dimension softwood lumber prices stabilized last week, to levels both producers and customers are comfortable with. Inventories remain spotty as sawmill production is still constrained and buyers continue to look for highly specified loads only.Purveyors of Western Spruce-Pine-Fir commodities in the United States described last week as similar to the previous one as most customers had their near-term needs covered and continued to be…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: FEB 2020

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: FEB 2020

For the first two months of 2020 softwood lumber production in the US continued improvements compared to one-year-ago, to increase even more, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. For January and February 2020 US lumber production volume increased by +5% to 6,163 mfbm compared to the first two months of 2019 when it was 5,862 mfbm. Comparing February to the previous month however, there was a -10% drop in US softwood lumber production…

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Canada New Home Sales: May 2020

Canada New Home Sales: May 2020

Home sales recorded over Canadian MLS® Systems rebounded by a record 57% in May 2020; although, that is as a percentage of the weakest month of April on record. As such, the May gain constituted a return of only a third of the activity lost between February and April, and the May 2020 sales figure was still the lowest level for that month since the mid-1990s. Real estate transactions were up on a m-o-m basis across the country. Among Canada’s…

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Fink Machine to Distribute Schmid Energy System Boilers in Canada

Fink Machine to Distribute Schmid Energy System Boilers in Canada

Fink Machine Inc., Canada’s largest supplier of wood chip and wood pellet boilers for commercial, institution and small industrial applications, is very excited to announce that we have added Schmid Energy Solutions boilers to our current product portfolio. Over the past 19 years, Fink Machine has been a very strong presence in the biomass heating market and has sold over 130 biomass boilers from its headquarters in Enderby BC. Fink is looking to build on that success by adding Schmid…

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Softwood Lumber Prices June 2020 & US Housing Market: 1Q 2020

Softwood Lumber Prices June 2020 & US Housing Market: 1Q 2020

According to the US Federal Housing Finance Agency’s (FHFA) most recent House Price Index (HPI), released May 25, US house prices rose in 1Q 2020, up +1.7% from 1Q 2019 and up +5.7% from one year ago.Elsewhere, according to the CoreLogic Home Price Index Report, delivered June 9, national home prices saw a year-over-year increase of +5.4% in May — up from a +3.6% gain in April 2019. CoreLogic attributes the growth to a decrease in housing supply due to…

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Softwood Lumber Prices Finish Reversing Direction After Firm Uplift

Softwood Lumber Prices Finish Reversing Direction After Firm Uplift

Sales of Western-Spruce-Pine-Fir construction framing dimension softwood lumber in the United States took a step back last week as civil unrest around the country led to most buyers taking a circumspect approach, by sitting on whatever inventory they had. Construction in the Western portion of the US continued to ramp up, albeit more slowly, as overall economic activity was tamped down by protests. In Canada, meanwhile, demand from the most important markets in the US slowed to a crawl. Canadian…

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Madison’s Weekly Softwood Lumber Prices

Madison’s Weekly Softwood Lumber Prices

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “There was a constant flurry of sales and inquiry in the East, particularly for panels. Demand in the West paused due to uncertainty.” Softwood Lumber Prices updated June 9, 2020 (CLICK TABLE TO ENLARGE)

Wood Panel Prices Will Provide Indication of Remaining Summer Lumber Demand

Wood Panel Prices Will Provide Indication of Remaining Summer Lumber Demand

When times are uncertain there is one sure thing to provide insight into particulars; panel prices. Whether it be storms, fires, or otherwise, among the most-needed items in society is plywood. Given the current situation in many regions of the US, it is assured that demand for plywood and other panel sheathing is going to increase in the short-term. There are much fewer producers of this essential building material than there are regular sawmills of North American construction framing dimension…

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