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Softwood Lumber Prices June & US Housing Starts May: 2020
The USA purchases approximately 65% of Canadian lumber production mostly for construction framing, while Canadian buyers account for about 10%, and those in Japan take 6%.However: US and Canadian customers purchase mostly standard grades (#2&Btr), while Japan buys almost exclusively premium or “appearance” grades (J-grade) which sells for quite a bit more than standard grade…
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Softwood Lumber Prices Stabilize Even as Inventories Remain Weak
After a wild ride down then up over the past few months, most standard construction framing dimension softwood lumber prices stabilized last week, to levels both producers and customers are comfortable with. Inventories remain spotty as sawmill production is still constrained and buyers continue to look for highly specified loads only.Purveyors of Western Spruce-Pine-Fir commodities…
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MADISON’S SOFTWOOD LUMBER PRICES AND MARKET WEEKLY COMMENT:
Key comment: “Caution ruled every lumber sales deal last week, and demand from Eastern regions was again more active than in the West.” Softwood Lumber Prices updated June 16, 2020 (CLICK TABLE TO ENLARGE)
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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: FEB 2020
For the first two months of 2020 softwood lumber production in the US continued improvements compared to one-year-ago, to increase even more, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. For January and February 2020 US lumber production volume increased by +5% to 6,163 mfbm compared to the first two…
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Canada New Home Sales: May 2020
Home sales recorded over Canadian MLS® Systems rebounded by a record 57% in May 2020; although, that is as a percentage of the weakest month of April on record. As such, the May gain constituted a return of only a third of the activity lost between February and April, and the May 2020 sales figure…
