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North America Softwood Lumber Production, Sawmill Capacity: March 2018
Softwood lumber production in Canada dropped -2.4% in January to March 2018, from 7,249 million board feet to 7,074 mmfbm for the same time last year, said the Western Wood Products Association’s monthly Lumber Track Wednesday, In the US, softwood lumber production increased by +2.7%, at 8,557 million board feet versus 8,333 million the first…
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Politics Upends the Lumber Market
The unprecedented turned to the frankly surreal last week as Canada placed retaliatory duties on a wide range of US imports, including wood and paper products. The latest trade data, meanwhile, shows quite a glowing picture of product sales across the Canada-US border for 1Q 2018. Current Softwood Lumber Prices Compared to Recent and Historical…
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Canada Sawmill Production: March 2018
Lumber production in Canada rose +11.4% in March from February, to 5,898 thousand cubic metres of lumber, according to the latest update from Statistics Canada Monday. Production was -5.2% lower than in March 2017. Sawmills shipped 5,393 thousand cubic metres of lumber in March, up +10.5% from February and -7.6% lower than in March 2017.
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US Home Sales, Housing Inventory: March & April 2018
US pending home sales fell 1.3% to a reading of 106.4 in April, the National Association of Realtors said Thursday. NAR’s index of pending home sales hit a three-month low in April. The index tracks real-estate transactions in which a contract has been signed, but the transaction hasn’t closed. Meanwhile, in April, existing home sales…
