Tag: Softwood Lumber Prices

The adoption of the European Union Timber Regulation (EUTR) in December 2010 changed the landscape of timber imports for the European Union, Australia, and the United States. No longer did these regions import illegally harvested exotic timber from countries on the African continent, and Indonesia, Myanmar, Sarawak, etc. As the EUTR regulations came into use,…

September 3, 2021 — Customers who had been waiting on the sidelines since spring, to see how far down lumber prices would go, returned to the scene and booked significant purchases in the week before the Labour Day long weekend. Sawmills gleefully extended order files as secondary suppliers — who had been running on lean…

August 27, 2021 — Many customers had been waiting on the sidelines over this summer before making their lumber purchases, to see when prices would hit bottom. As it became apparent over the past two weeks that prices were on their way back up, the bulk of the market stepped in to commit to purchases.…

Is the softwood lumber supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often: For July 2021, total residential starts in the US improved by +2.5% from the same month one year ago, and dropped by -7% from June 2021. Indicating strong construction activity still to come for this…

The U.S. Census Bureau and the US Department of Housing and Urban Development released July 26 new home sales and house price data. New home sales comprise 10% of real estate activity and are considered a leading housing market indicator as they are recorded when contracts are signed. Benchmark Softwood Lumber Prices August and US…