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Lumber Prices on a Runaway as Supply Continues Tenuous
A runaway lumber sales market surprised even Madison’s last week as Friday morning lumber futures on the Chicago Mercantile Exchange were cresting toward up-limit on the March contract, wavering at $480 but on small volumes. Actual support for lumber prices is definitely coming from the cash market, where under- stocked customers just keep coming back…
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US Housing Starts: December 2017
Total housing starts in the US declined in December after strong readings for prior months due to weather-related delay effects in autumn. Total starts decreased 8 per cent to a 1.19 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Nonetheless, over the course of 2017…
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Canada Lumber Production at Sawmills: October 2017
Lumber production rose 6.3 per cent from September to 5,991 thousand cubic metres of lumber in October, said Statistics Canada Wednesday. Production was 1.2 per cent higher than in October 2016. Sawmills shipped 5,884 thousand cubic metres of lumber in October, up 1.1 per cent from September and 0.3 per cent higher than in October…
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North America Sawmill Capacity, Production: October 2017
US sawmills produced 28.638 billion board ft. (bbf) of softwood lumber in the first ten months of 2017, another 4.3 per cent increase over last month, from 27.446 bbf from January to October the previous year, according to the Western Wood Products Association’s latest Lumber Track report Wednesday. CANADA AND US LUMBER PRODUCTION, SAWMILL CAPACITY:…
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Severely Bad Weather Across Continent Barely Slows Lumber Industry
Demand, especially from retailers, continued so strong this week that many North American sawmills were actually able to grow their order files. Current Softwood Lumber Prices Compared to Historical Highs. The below table is a comparison of June 2017 and January 2018 prices for benchmark dimension softwood lumber 2×4 prices compared to historical highs of…
