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Continued Strong US Housing Construction and Home Sales Push Lumber Prices Higher
As April draws to a close and the usual construction season starts to come on in Canada and the US, demand for softwood lumber remains very hot. While customers are reluctant to pay these way-beyond record-breaking prices, there is little they can do to avoid buying as ongoing building projects must be completed. Builders and…
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Madison’s Heating Wood Pellets report: April 2021
More Clean Energy Funding for Remote BC Communities Natural Resources Canada (NRC) recently announced it will award more than $7 million in funding to Indigenous communities in BC to support their transition from fossil-fuel to biomass-based heating systems. The funding will be distributed through the NRC’s Clean Energy for Rural and Remote Communities program as…
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Madison’s British Columbia Coast Log Prices: Mar 2021
In an effort to make timber prices more responsive to market conditions, the latest changes to BC Timber Sales stumpage rates has that calculation based on recent lumber prices. As these changes start to take hold, the relationship between softwood lumber prices and log prices will become even more apparent. Madison’s Monthly Lumber and Forestry…
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US New Home Sales, House Prices and Softwood Lumber Prices: April 2021
Sales of new single-family houses in the US for March 2021 were at a seasonally adjusted annual rate of 1.021 million, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is up +21% from the revised Feb 2021 rate of 846,000 and up an astonishing…
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Softwood Lumber Prices and Market Update: April 2021
In the week ending April 23, 2021, the wholesaler price of Western S-P-F KD 2×4 #2&Btr was US$1,330 mfbm.
