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British Columbia Post-2017 Wildfire Update
Further to our story last week https://madisonsreport.com/2018/05/24/british-columbia-log-and-timber-supply-update/ which detailed the latest data of timber loss for British Columbia following the terrible wildfires of 2017, this week Madison’s talked to wildfire ecologist Robert Gray for what turned out to be a rather gruesome update. Right now wildfire fighters in BC are battling a large numbers of…
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Unrecognizable Softwood Lumber Market Has Players Stymied
As Canadians came back to work after the Victoria Day long weekend and Americans got ready for their Memorial Day long weekend, actual purchasing of North American softwood lumber products slowed last week. For producers, the only interest was in selling wood currently on-hand rather than booking sales to extend their already-plump sawmill order files.…
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US Housing Inventory, Home Sales: 1Q and April 2018
Sales of new homes in the US fell by 1.5 per cent over the month of April to a seasonally adjusted annual rate of 662,000. According to the report released by the Census Bureau and the Department of Housing and Urban Development Wednesday, the small monthly decline partly reflected a downward revision to the estimate…
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British Columbia Log and Timber Supply Update
Last week Madison’s was ensconced in the comfort and splendour of Harrison, BC, to attend and present at the Forest Resources Association Western Regional Meeting. This event was attended by many forest operators in the Pacific Northwest, from both sides of the border. A lot of the focus was on the coast, but there were…
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Runaway Lumber Market Gathers Yet More Steam
If lumber suppliers didn’t know what to do last week, this week was even more bananas. As explained by one veteran lumber trader on LinkedIn Friday: “Frustration reigned as the lack of availabilities and tardy shipments frazzled many. The concern is that there does not seem to be any end in sight [to logistics and…
