-
US Softwood Lumber Production: April 2018
Softwood lumber production by US sawmills in the first four months of 2018 was 11.6 billion board ft. (bbf), a year-over-year increase of +5.5% from 10.980 bbf in the same period last year, reported the Western Wood Products Association in its latest Lumber Track report via IHB Monday. Western US sawmills contributed 4.899 bbf to…
-
US Existing Home Sales: June 2018
Existing-home sales in the US decreased -0.6% in June to a level 2.2% below a year ago, and sales have now decreased year-over-year for three consecutive months. The first-time buyer share of 31% was unchanged from last month, but down from 32% a year ago. The National Association of Realtors reported today (Monday) that 58%…
-
US Housing Starts: June 2018
Not very surprisingly, US housing starts corrected downward somewhat for June, as housing inventory for sale continues to shrink and home prices continue to rise. U.S. new-home groundbreaking and permits fell in June to the slowest paces in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market,…
-
Lumber Prices Sharply Reverse Recent Increases, Inventories Grow
Both producers and secondaries now have more plump inventories than most of this year, making assessments of their own price lists somewhat easier. Buyers, well aware of this, are pushing back at sawmills with significant counter-offers. Those suppliers in a position to negotiate are accepting customer demands. Prices are responding toward accordingly. This week and…
-
This week Madison’s Lumber Reporter printed down on benchmark softwood lumber prices by quite a bit . . .
Madison’s Lumber Reporter Published by Keta Kosman · 31 mins · This week Madison’s Lumber Reporter printed down on benchmark WSPF KD 2×4 #2&Btr #softwood #lumber prices by quite a bit. The most-often comment from sources was “prices tanking”. Now is the start of the annual seasonal curtailments in Quebec, and the forest fire ban…
