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US Housing Starts and Lumber Prices: Mar 2022
After dropping last month, February starts of single-family housing, the largest share of the market and construction method which uses the most wood, was 1.215 million annualized, up by +5.7% compared to January. Building permits are generally submitted two months before the home building is begun, so the expectation is that April single-family starts will…
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Lumber Market and Prices: Mar 2022, Week 3
Much-welcomed stability in lumber pricing arrived for the week ending March 18, 2022 Check back with the Madison’s website www.madisonsreport.com often for the latest updates for the latest developments and updates. Much-welcomed stability in pricing arrived for the week ending March 18, 2022, when the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr…
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Madison’s Webinar with Timber Exchange
This week Madison’s Lumber Reporter had a great chat with Timber Exchange about the North American lumber market, current situation as well as expectation for lumber prices during this coming year. Link to my great conversation with Timber Exchange this week (simply input your name and email as registration to view): https://us06web.zoom.us/rec/play/25sx9kFPYrfQ_EYMlVZePljB_ksyL7Bu8M7qD-a7eD1G181tKPR5mPz8RzlTtzAqD4CZS0FvGVjloOVM.Vr7Z8oPRcntyTnV_ To receive the…
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Softwood Lumber Prices Remain Flat as Transportation Headaches Continue
Shipping delays continued to be the main word as inventories in the field were waning and deliveries were frustratingly slow. Sawmills were able to keep strong order files of up to 4 weeks so prices remained flat. Lumber yards at suppliers were choked due to sheer lack of rails cars coming in as well as…
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Canada and US Lumber Exports vs Log Exports: 2021
The past two years have been fraught with change, both for society at large and for the manufactured forest products industry. Sawmills and lumber producers across North America have had to make a series of significant adjustments to their business, both due to changes to society and due to market conditions. Each of these circumstances…