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Muted Demand Keeps Softwood Lumber Prices Low as Futures Tank

Muted Demand Keeps Softwood Lumber Prices Low as Futures Tank

Until Tuesday all eyes were on trading of softwood lumber futures on the Chicago Merchantile Exchange. The July contract closed Monday unchanged at $360. By Tuesday morning the September contract down $12 and trading at $336, with little optimism of the recent price drops reversing direction. For it’s part, cash price (wholesaler, “print”) for benchmark construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir 2×4 (net FOB sawmill) was down $10 on the previous week, at US$392 mfbm. At producers, sawmill…

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MADISON’S FOREST PULSE *Brand New Re-Design* July 2019

MADISON’S FOREST PULSE *Brand New Re-Design* July 2019

MADISON’S FOREST PULSE *Brand New Re-Design* July 2019: The information tool for your forest management and investment Our quarterly product is tailored to provide you with vital information about the North American solid wood, pulp, and paper industry at your fingertips in a timely manner. CLICK TO DOWNLOAD! MadisonsForestPulse2Q2019 FOREST PULSE TESTIMONIAL: Michael Low | Director & Group Lead, Commercial Banking | Scotiabank www.scotiabank.com : “I am amazed at the data you’ve been able to collect in this report and…

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Madison’s Forest of Products: July 2019

Madison’s Forest of Products: July 2019

Madison’s North American Heating Wood Pellet Price Report JUNE 2019 … download latest issue British Columbia Coastal Log Prices, Monthly: 2013 to Present Madison’s British Columbia Coast Log Price Report JUNE 2019 … download latest issue MADISON’S FOREST PULSE … download latest issue Be among the first to use this exciting new data set! Don’t delay, order today.

Madison’s Softwood Lumber Price Dashboard Tool: May 2018

Madison’s Softwood Lumber Price Dashboard Tool: May 2018

Madison’s Lumber Prices @LumberNews 20h Check out Madison’s Lumber Reporter dashboard tool, live since May 2018. No guess work, a proven track record: Our subscription prices are clearly posted: https://madisonsreport.com/subscribe/ Madison’s latest weekly lumber price data update: https://madisonsreport.com/lumber-prices/lumber-price-graphs/

US Construction Job Openings: May 2019

US Construction Job Openings: May 2019

US Construction Job Openings Fall Back in May  Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that US construction job openings declined in May off a cycle high count in April, according to the US National Association of Home Builders Tuesday.The estimated number of job openings in the construction sector fell back to 369,000 after reaching a post-Great Recession high of 434,000 in April. The decline occurred with a somewhat elevated level of layoffs in the sector. The…

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

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

The latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-April 2019, shows a +0.9% increase in US softwood lumber production volume, to 11,718 mmfbm. Last month it was +0.4%.January – April softwood lumber production in Canada continued dropping, this time by another -8.8%, to 8,588 mmfbm, compared to the first four months of 2018 when it was 9,421 mmfbm. Last month it was -8.6%.In British Columbia, significant sawmill curtailments brought another huge drop in production volumes,…

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Softwood Lumber Prices Flatline as Supply Balances with Demand

Softwood Lumber Prices Flatline as Supply Balances with Demand

The closures and curtailments at North American softwood lumber manufacturers earlier this year, almost all at British Columbia sawmills, has achieved it’s intended consequence of improved supply-demand balance. Until that wood production went offline, order files at most sawmills were one week or less, which is incredibly short for the time of year. In recent weeks producers have been able to extend those order files to a more healthy duration, last week most reporting to have enough orders that future…

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Lumber Prices Moderate as 2019 Summer Begins in North America

Lumber Prices Moderate as 2019 Summer Begins in North America

Compared to the wild highs of one year ago, lumber prices this week can be described as “moderate”. For this exact week in 2018, the price of benchmark North American construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr flatlined for several weeks at an astonishing US$622 mfbm. Since then this price has headed mostly downward, fluctuating somewhat earlier in the year as it struggled to find the floor. This week that price level seems to be matching…

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Lumber Prices Moderate as 2019 Summer Begins in North America

Lumber Prices Moderate as 2019 Summer Begins in North America

This week’s price of benchmark WSPF 2×4 (wholesaler, net FOB sawmill/hub) is flat at US$402 mfbm compared to the previous week. This is +$96, or +31%, more than it was one month ago when it was US$306 mfbm. #sawmill #building #construction #wood #housing Madison’s Lumber Prices @LumberNews 1h #Lumber Prices Moderate Summer 2019 Day-to-day sales volumes remained solid last week but prices levelled off as players throughout the supply chain waited for lumber to move through the system. — Madison’s…

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US House Prices: April 2019

US House Prices: April 2019

Nationally in the US, home price appreciation continued to slow in April. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices Wednesday, rose at a seasonally adjusted annual growth rate of +3.4% in April, following an increase of +3.1% in March. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index rose by +3.5% in April, down from +3.7% in March. It was the lowest annual gain since September 2012. The annual US house price growth…

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