Tag: NYSE: HOV

According to Madison’s Lumber Reporter, we can expect to see strong lumber prices and demand for up to two years. This is not just because the pandemic sparked a boom in the repair and remodelling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time.  In…

Drax Group to Acquire Pinnacle Renewable Energy On February 8th, 2020, Pinnacle Renewable Energy Inc. announced that the company has entered into an arrangement agreement with Drax Group plc and its wholly-owned subsidiary, Drax Canadian Holdings Inc. will acquire all issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million.…

In an effort to make timber prices more responsive to market conditions, the latest changes to BC Timber Sales stumpage rates has that calculation based on recent lumber prices. As these changes start to take hold, the relationship between softwood lumber prices and log prices will become even more apparent. Madison’s Monthly Lumber and Forestry…

If there was ever an incomprehensible year for forestry and sawmilling, it was 2020. Macroeconomic conditions in Canada and the U.S. weren’t any easier to decipher. However, one sector that clearly did well was housing: home building and selling activity across the continent revved up to white-hot levels. Indeed, according to the latest U.S. employment…

Wood pellets and wood chips are the dominant fuels, with preference regionally specific. The September 2017 issue of the Madison’s Heating Wood Pellet price report provided detailed information from a Natural Resources Canada / Torchlight Bioresources study on bioheat projects in Canada. This report was recently updated by Natural Resources Canada, exploring the growth of…