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Tag: sawmill

US New and Existing Home Sales: June 2020

US New and Existing Home Sales: June 2020

A huge bounce for both New and Existing home sales in the US in June 2020 provided some well-needed positive movement for the US economic condition: Sales of new single-family homes in the United States rose by +14% from the previous month to a seasonally adjusted annual rate of 776 thousand in June 2020 The median price of new homes, which make up about 10% of the market, was US$329,200 in June. That is +5.6% above the price one year…

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North America Rail Traffic: to July 18, 2020

North America Rail Traffic: to July 18, 2020

For the week ending July 18, 2020, total U.S. weekly rail traffic was 481,597 carloads and intermodal units, down -8.5% compared with the same week last year said the the Association of American Railroads (AAR) Wednesday. Total carloads for the week ending July 18 were 214,685 carloads, down -16% compared with the same week in 2019, while U.S. weekly intermodal volume was 266,912 containers and trailers, down -2% compared to 2019. For the first 29 weeks of 2020, U.S. railroads…

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US Housing Starts & Softwood Lumber Prices: June and July 2020

US Housing Starts & Softwood Lumber Prices: June and July 2020

US Housing Total Starts June 2020 & Benchmark Softwood Lumber Prices July 2020 The USA purchases approximately 65% of Canada’s dimension lumber production mostly for home construction framing, while Canadian buyers account for about 10%, and those in Japan take 6%. For the week ending July 17, 2020, prices of standard construction framing dimension softwood lumber items increased yet further, according to weekly lumber price publisher Madison’s Lumber Reporter. Benchmark softwood lumber item Western S-P-F 2×4 #2&Btr KD popped higher…

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Prices of Softwood Lumber Continue to Rise as Demand Flows East

Prices of Softwood Lumber Continue to Rise as Demand Flows East

“It was a runaway market again last week as softwood lumber prices soared thanks to persistently limited supply.” — Madison’s Lumber Reporter For the week ending July 17, 2020, prices of standard construction framing dimension softwood lumber items increased yet further. Benchmark softwood lumber item Western S-P-F 2×4 #2&Btr KD popped higher still, up by +50, or +10%, to US$554 mfbm, from US$504 the previous week. The price for this lumber commodity was up +$160, or +41%, from one month…

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Historically High Plywood Prices Comparison

Historically High Plywood Prices Comparison

Canadian Softwood Plywood 9.5mm (3/8″) TORONTO Prices: 1999 compared to 2003 and 2020 Food for thought …. the historical high Plywood prices of 1999 were briefly eclipsed in 2003 due to rebuilding after the devastation of Hurricane Andrew in the US. Mid-season 2020 Plywood prices look to surpass even the boggling highs of 2003. Will upward price pressure maintain? Or is the bulk of the latest customer demand behind us for this year? Only time will tell! Subscribe to Madison’s…

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North America Softwood Lumber Production, Sawmill Capacity Utilization: WWPA, APRIL 2020

North America Softwood Lumber Production, Sawmill Capacity Utilization: WWPA, APRIL 2020

US Softwood Lumber Production Continues Improvement, Canada Lumber Production Plummets: April 2020 Compared to one-year-ago, for the first four months of 2020 softwood lumber production in the US continued improving, increasing on the rise in March, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. For January to April 2020 US lumber production volume increased by another +2.3% to 12,080 mfbm compared to the first four months of 2019 when it was 11,810 mfbm. Comparing the…

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US Housing Starts up dramatically in June as “Home buyers flee to suburbs, rural areas” — Reuters

US Housing Starts up dramatically in June as “Home buyers flee to suburbs, rural areas” — Reuters

Still, US homebuilding remains -24% below its February level.  Housing starts in the US increased +17% to a seasonally adjusted annual rate of 1.186 million units last month, the Commerce Department said today. The percentage gain was the largest since October 2016. Data for May was revised up to a 1.011 million-unit pace from the previously reported 974,000. Builders reported increased demand for single-family homes in lower density markets, including small metro areas, rural markets and large metro suburbs. The…

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Softwood Lumber Prices Hit 2-Year High, Up +50% Since April — NAHB

Softwood Lumber Prices Hit 2-Year High, Up +50% Since April — NAHB

On July 10 the US National Association of Home Builders explained current conditions with the North American softwood lumber market. The primary drivers of the price increase include: Sawmills closed in the spring due to stay-at-home and social distancing measures enacted by state and local governments. When prices fell between March and April as a result of the COVID-19 pandemic, sawmills projected that housing would be adversely affected and therefore anticipated a large drop in demand. Accordingly, sawmills that remained…

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Canada House Prices Jump +6.5% Year-Over-Year

Canada House Prices Jump +6.5% Year-Over-Year

The Canadian Real Estate Association said Wednesday that the average price of a Canadian resale home was $539,000, up 6.5 per cent from the average price a year earlier. And it’s up by more than 10 per cent from what it was just one month earlier, in May. Canada’s housing market went into a deep freeze when pandemic-related lockdowns began in March, causing activity in March and April to fall to record lows. But sales picked up in May as restrictions eased,…

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