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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…
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Benchmark Lumber Prices Crest Just Over Levels of One Year Ago
As this unusual year slowly wound toward a close, there were some developments which will only add more confusion and uncertainty to the construction framing solid wood marketplace. One, which is well-known, is the looming increase — to almost double what it has been since November 2020 — of the Softwood Lumber Duty on Canadian…
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US Housing Starts October and Softwood Lumber Prices November: 2021
As supply-chain disruptions increased costs, new U.S. home construction slowed down in October, driven by a drop in single-family projects. For October 2021, total residential starts in the US remained essentially flat from the previous month, at 1.520 million units. Continuing to improve as throughout this year, permits for future homebuilding in October were up…
