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US Apartment Absorption Rate: 4Q 2018

US Apartment Absorption Rate: 4Q 2018

In 4Q 2018, the building of 56,950 apartment units in the US was completed, an -18% decline from 4Q 2017, when it was 69,640 units. (Figure 1 below). Apartment completions in 4Q 2018 were at their lowest point since 4Q 2013. These data come from the US Census Bureau, in collaboration with the US Department of Housing and Urban Development, under the Survey of Market Absorption (SOMA). The SOMA contains data on completions of nonsubsidized, privately financed apartments in buildings…

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US Housing Starts: June 2019

US Housing Starts: June 2019

According to estimates from the US Housing and Urban Development and Commerce Department Wednesday, single-family housing starts in the US improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,253,000. This is -0.9% below the revised May estimate of 1,265,000, but is +6.2% above the June 2018 rate…

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Muted Demand Keeps Softwood Lumber Prices Low as Futures Tank

Muted Demand Keeps Softwood Lumber Prices Low as Futures Tank

Until Tuesday all eyes were on trading of softwood lumber futures on the Chicago Merchantile Exchange. The July contract closed Monday unchanged at $360. By Tuesday morning the September contract down $12 and trading at $336, with little optimism of the recent price drops reversing direction. For it’s part, cash price (wholesaler, “print”) for benchmark construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir 2×4 (net FOB sawmill) was down $10 on the previous week, at US$392 mfbm. At producers, sawmill…

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MADISON’S FOREST PULSE *Brand New Re-Design* July 2019

MADISON’S FOREST PULSE *Brand New Re-Design* July 2019

MADISON’S FOREST PULSE *Brand New Re-Design* July 2019: The information tool for your forest management and investment Our quarterly product is tailored to provide you with vital information about the North American solid wood, pulp, and paper industry at your fingertips in a timely manner. CLICK TO DOWNLOAD! MadisonsForestPulse2Q2019 FOREST PULSE TESTIMONIAL: Michael Low | Director & Group Lead, Commercial Banking | Scotiabank www.scotiabank.com : “I am amazed at the data you’ve been able to collect in this report and…

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Madison’s Forest of Products: July 2019

Madison’s Forest of Products: July 2019

Madison’s North American Heating Wood Pellet Price Report JUNE 2019 … download latest issue British Columbia Coastal Log Prices, Monthly: 2013 to Present Madison’s British Columbia Coast Log Price Report JUNE 2019 … download latest issue MADISON’S FOREST PULSE … download latest issue Be among the first to use this exciting new data set! Don’t delay, order today.

Madison’s Softwood Lumber Price Dashboard Tool: May 2018

Madison’s Softwood Lumber Price Dashboard Tool: May 2018

Madison’s Lumber Prices @LumberNews 20h Check out Madison’s Lumber Reporter dashboard tool, live since May 2018. No guess work, a proven track record: Our subscription prices are clearly posted: https://madisonsreport.com/subscribe/ Madison’s latest weekly lumber price data update: https://madisonsreport.com/lumber-prices/lumber-price-graphs/

US Construction Job Openings: May 2019

US Construction Job Openings: May 2019

US Construction Job Openings Fall Back in May  Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that US construction job openings declined in May off a cycle high count in April, according to the US National Association of Home Builders Tuesday.The estimated number of job openings in the construction sector fell back to 369,000 after reaching a post-Great Recession high of 434,000 in April. The decline occurred with a somewhat elevated level of layoffs in the sector. The…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: April 2019

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: April 2019

The latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-April 2019, shows a +0.9% increase in US softwood lumber production volume, to 11,718 mmfbm. Last month it was +0.4%.January – April softwood lumber production in Canada continued dropping, this time by another -8.8%, to 8,588 mmfbm, compared to the first four months of 2018 when it was 9,421 mmfbm. Last month it was -8.6%.In British Columbia, significant sawmill curtailments brought another huge drop in production volumes,…

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Softwood Lumber Prices Flatline as Supply Balances with Demand

Softwood Lumber Prices Flatline as Supply Balances with Demand

The closures and curtailments at North American softwood lumber manufacturers earlier this year, almost all at British Columbia sawmills, has achieved it’s intended consequence of improved supply-demand balance. Until that wood production went offline, order files at most sawmills were one week or less, which is incredibly short for the time of year. In recent weeks producers have been able to extend those order files to a more healthy duration, last week most reporting to have enough orders that future…

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Lumber Prices Moderate as 2019 Summer Begins in North America

Lumber Prices Moderate as 2019 Summer Begins in North America

Compared to the wild highs of one year ago, lumber prices this week can be described as “moderate”. For this exact week in 2018, the price of benchmark North American construction framing dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr flatlined for several weeks at an astonishing US$622 mfbm. Since then this price has headed mostly downward, fluctuating somewhat earlier in the year as it struggled to find the floor. This week that price level seems to be matching…

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