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More Floods British Columbia Nov 2021
A drought over summer followed by massive amounts more rain than usual, and 3 atmospheric rivers — which in one or two days brought volumes of rain equal to an entire wet month — when the ground was already saturated have caused extensive damage to transportation infrastructure all through British Columbia. More heavy rain started…
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Softwood Lumber Duty: AR2 Final Results Duty Increase
The US Department of Commerce indicates that these Final Rates for the Softwood Lumber Duty were announced to “interested parties” Wednesday, November 24, 2021. UPDATE FROM OUR GOOD FRIENDS AT JONES & JONES CUSTOMS BROKERS: None of the AR1 or AR2 entries will be liquidated until this case is resolved one way or the other. …
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Lumber Production and Sawmill Utilization AUG, Lumber Prices, NOV: 2021
North America softwood lumber production volumes and sawmill capacity utilization rates released by Western Wood Products Association (www.wwpa.org) show: For January to August 2021 softwood lumber production in the US improved by +3.3% from the first eight months of 2020. US lumber production volumes were 22,341 mmfbm. Looking at the month of August against July…
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US Housing Starts, Permits Oct and Lumber Prices Nov: 2021
US total housing starts were flat in Oct compared to Sept. Total permits were up +4%, and were up +3.4% compared to Oct 2020. Single-family starts were down a bit compared to Sept, but single-family permits were up +2.7%. Year-to-date data shows both total and single-family starts up significantly in Jan to Oct 2021, at…
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BC State-of-Emergency: Nov 2021 Impact on Lumber Market
On the weekend of Nov 12 southern British Columbia, including Vancouver, was hit of epic torrential rains that can only bring to mind imaginative disaster movies. There was 200% more rain in Sept & Oct than usual. In those 2 days as much rain fell (200 mm) as does in a normal wet month. This…
