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Short Week In Canada Kept Pressure Up for Higher Lumber Prices
A persistent lack of stable supply together with ongoing hot demand served to keep western Canadian dimension framing softwood lumber prices high, even as many other species/regions experienced price drops this week. In support of the WSPF R/L price resistance to softening was erratic straight lengths (or specified lengths) prices, most sizes of which flew…
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Canada Residential Building Permits: January 2018
New housing construction investment in Canada totalled $4.4 billion in January, up +9.4% compared with January 2017. Investment was up for all dwelling types, said Statistics Canada Wednesday. Spending rose in eight provinces, led by Quebec (+$139.1 million), British Columbia (+$128.3 million) and Alberta (+$82.6 million). The increase in Quebec was driven by investment in apartment building construction. Canada Construction Investment:…
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Lumber Market Waffles on Price Points as Sales Take a Pause
Last week some sources found that lumber prices were still inching up. Others said sawmills were holding firm on price lists as they worked through extended order files, while wholesalers and secondary suppliers offered discounts to move wood. Lumber futures were soft, with brisk trading of the May contract on moderate volumes. In reality there…
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Madison’s Heating Wood Pellet Report: January 2018
The latest data, for full year 2017, on Canadian and US residential heating wood pellet exports is now out. Also, to November 2017 numbers for US and Canadian pellet production, sales, and prices as well as competing home heating fuel prices are now out. Don’t miss out on this vital and timely information regarding…
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Southern Pine Softwood Lumber Prices Skyrocket, March Futures Closes Up $14
The sense of astonishment was unabated throughout the North American softwood lumber market last week, even as a brief respite in buying — due to sheer sticker-shock on the part of customers — allowed sawmills to catch up on yawning order files and to ship out wood purchased weeks ago. While long-delayed rail cars started…
