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Unceasing Demand Sends Softwood Lumber Prices Ever Higher
North American softwood lumber manufacturers, wholesalers, distributors, buyers, and end-users alike agree that this current supply-demand situation, and resulting steep price increases week-after-week, is truly unknown territory. Sawmills across Canada and the US are either running at full capacity or working to ramp-up production after the new social-distancing rules from the Covid-19 restrictions were put…
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Madison’s Weekly Softwood Lumber Prices Snapshot:
Key comment: “Softwood lumber prices climbed yet again as frustration and urgency among buyers reached a fever pitch.” MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT Prices updated August 11, 2020 (CLICK TABLE TO ENLARGE)
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North America Rail Traffic, Lumber: July 2020
Canada and US Railcar Loadings The US Association of American Railroads (AAR) Wednesday reported US rail traffic for the week ending August 1, 2020, as well as volumes for July 2020. Specifically lumber & wood products were up 258 carloads, or +1.6%.Combined US carload and intermodal originations in July 2020 were 2,337,977, down -9%, or…
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Madison’s Western S-P-F Softwood Lumber Prices Aug 6: sneak preview
Here is a SNEAK PEAK at benchmark Western Spruce-Pine-Fir (WSPF) prices: By far eclipsing recent and historical highs, the wholesaler price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr for the week ending Aug 7, 2020, was US$666 mfbm (net FOB sawmill), an increase of +$46, or +7%, from last…
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US Construction Spending: June 2020
Construction spending in the US decreased -0.7% from the previous month to a seasonally adjusted annual rate of US$1.355 trillion in June of 2020, following a downwardly revised -1.7% fall in May said the US Commerce Dept Monday. Spending on private construction projects slipped -0.7%. Spending on residential projects fell -1.5%, offsetting a +0.2% gain…
