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US Home Sales Jan and Softwood Lumber Prices Feb: 2021
New-home purchases account for about 10% of the market and are calculated when contracts are signed. They are considered a timely barometer of the current real estate market. At a very unusual time of year, not when folks normally want to be preparing to move, sales of new single-family houses in the US for January…
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The CFI Podcast: an in-depth look at the 2021 North American lumber market
According to Madison’s Lumber Reporter, we can expect to see strong lumber prices and demand for up to two years. This is not just because the pandemic sparked a boom in the repair and remodelling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time. In…
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Madison’s Heating Wood Pellets report: Feb 2021
Drax Group to Acquire Pinnacle Renewable Energy On February 8th, 2020, Pinnacle Renewable Energy Inc. announced that the company has entered into an arrangement agreement with Drax Group plc and its wholly-owned subsidiary, Drax Canadian Holdings Inc. will acquire all issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million.…
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Madison’s British Columbia Coast Log Prices: Feb 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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2021 North America Softwood Lumber Market Outlook
If there was ever an incomprehensible year for forestry and sawmilling, it was 2020. Macroeconomic conditions in Canada and the U.S. weren’t any easier to decipher. However, one sector that clearly did well was housing: home building and selling activity across the continent revved up to white-hot levels. Indeed, according to the latest U.S. employment…
