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US Household Formations, Home Prices: 4Q 2017
The US homeownership rate stands at 64.2% in 4Q 2017, up from 63.7% a year ago and 63.9% in 3Q according to the Census Bureau’s Housing Vacancy Survey, released January 30. US Household Formations, Home Prices: 4Q 2017 After dropping to a cycle low of 62.9% in 2Q 2016, the national homeownership rate seems to…
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Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018
Last week has started to come out actual data of timber supply loss due to wildfires in northwest North America, and it’s really bad. Details to come. Otherwise, lumber demand continued strong even as customers digested the rush of wood ordered three weeks ago. As extreme transportation woes continued unabated, sawmills took to quoting on…
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Madison’s Heating Wood Pellet Report: December 2017
The latest issue of Madison’s North America Heating Wood Pellet Report has been emailed to subscribers. Be the first to get this vital and timely information directly into your inbox as soon as it is available! Don’t miss out on the very latest data for Canadian and US sawmill residuals sales, biomass feedstock for energy…
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Japan Wood Product Demand Projection: 1H 2018
The Japan Forestry Agency has held it’s meeting for estimating wood product demand projection for the first half of 2018, said the Japan Lumber Reports Monday. Officials expect a drop in domestic supply of logs to bring an increase in Japan’s log imports from North America in 2Q 2018 and from New Zealand in 1Q.…
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Sticker Shock Restrains Buying but Lumber Prices Remain High
The recent huge burst of buying slacked off this week as lumber futures descended from their up-limit of last week to crash down-limit Monday and trigger a stop-order on the Chicago Mercantile Exchange. In the cash market, customers — still reeling from sticker-shock last week — held off on buying unless absolutely desperate for fill-in…
