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Supply-Demand Balance Achieved as Lumber Prices Seem to Hit Bottom
August 20, 2021 — While there were some construction framing dimension softwood lumber prices that continued to drop for the week ending August 20, several prices were flat while others actually popped up. Many in the industry suggest a combination of correction with the supply-demand balance, and eager customers returning to buy after holding off…
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US Housing Starts JULY & Softwood Lumber Prices AUGUST: 2021
After a healthy increase in June, US total housing starts for July 2021 fell by -7% to a seasonally adjusted annual rate of 1.534 million. For July 2021, total residential starts in the US increased by +6% from the same month one year ago, when it was 1.048 million. US Housing Total and 1-Unit Starts…
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Some Lumber Prices Rise Again While Others Drop Slightly
August 13, 2021 — The big softwood lumber market correction of summer 2021 continued, however the drops in some benchmark lumber prices slowed while others corrected upward yet more. Underpinning overall market conditions was ongoing quite strong US construction activity and very severe wildfires in the important timber supply baskets of British Columbia and the…
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Madison’s Softwood Lumber Prices Aug 26: Sneak Preview
“What Goes Down Comes Back Up” Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber and panel prices. The full Madison’s Lumber Reporter North America softwood lumber price list of 450 individual lumber and panel commodity items is updated overnight Thursdays. Stay up-to-date on these weekly lumber price updates,…
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Railcar Loadings, Lumber Production, and Sawmill Capacity Rates (video)
North America softwood lumber production volumes and sawmill capacity utilization rates released by Western Wood Products Association (www.wwpa.org) show: US lumber production for Jan – May 2021 up +5.9% compared to the first five months of 2020. Canada lumber production for up +15.3% compared to one year ago. British Columbia lumber production up +24% in…
