Tag: Softwood Lumber Prices

The US unemployment rate made another sizeable drop, falling to 6.9% from 7.9% in September. US nonfarm payrolls rose by +638,000 in October compared to September, slightly ahead of market expectations, reported the US Bureau of Labor Statistics Friday. The stronger than expected job growth came as notable job gains in leisure and hospitality, professional…

Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber prices: “There were some underpinnings of demand as prices dropped the past couple of weeks. Inventories have been stretched so much with little in the supply pipeline that at some point the market would get support.” — Madison’s Lumber Reporter…

Canada Domestic Log Prices Follow Wholesale Lumber Prices Up By Significant Amounts in September 2020 After dropping a little bit in August due to a plummet in multi-family home building, privately-owned US housing starts in September were at a seasonally adjusted annual rate of 1,415,000, the US Commerce Department said Tuesday. This is +2% above…

FESBC Accepts More Funding Applications, Canadian First Nation Group Seeks to Reduce Fossil Fuel Dependence FESBC Accepts More Funding Applications The Forest Enhancement Society of BC (FESBC) recently announced its seventh intake for funding applications. Applications were accepted through the FESBC Information Management System from September 28th to October 16th, with a focus on projects…

After some big drops last month, the price of most North American construction framing dimension softwood lumber commodities fell further last week but by smaller amounts. The supply-demand balance seems to be correcting, due to ongoing strong customers appetite even as the usual autumn slow-down for building activity is upon us. Sawmill order files have…