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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Aug 2019

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Aug 2019

After flattening out last month, the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-August 2019, shows US softwood lumber production volume continues almost flat from the same time last year, to 23,737 mmfbm. Like last month, January – August softwood lumber production in Canada continued big drops through most of this year, falling another -11%, to 16,655 mmfbm, compared to the first eight months of 2018 when it was 18,664 mmfbm. In British Columbia, brutal…

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Global Heating Wood Pellet Demand: Current and Projection

Global Heating Wood Pellet Demand: Current and Projection

The size of the global wood pellet market for 2019 was estimated to be valued at over US$8.5 billion, and is estimated to exhibit over 10% CAGR from 2019 to 2025, said Global Markets Insights October 2019. Over 22 million tons of wood pellets were shipped globally in 2018, up 21% from 2017. The US, Canada, Vietnam, Latvia, and Russia, accounted for 69% of global exports in 2018. Demand for imported pellets in Japan and South Korea continued a three-year…

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Madison’s Western SPF Lumber Prices Nov 7: sneak preview

Madison’s Western SPF Lumber Prices Nov 7: sneak preview

The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After jumping another +$18 last week, The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr stayed flat this week, Nov 7, 2019, at US$396 mfbm, from US$396 mfbm last week. — Madison’s Lumber Reporter This week’s lumber market story published to the website Wednesday: https://madisonsreport.com/2019/11/05/softwood-lumber-prices-pop-higher-as-seasonal-winter-slow-down-looms/…

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US Construction Job Openings, Construction Spending: Sept 2019

US Construction Job Openings, Construction Spending: Sept 2019

Data released Monday from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings in the US increased in September 2019 on a year-over-year basis. The estimated number of job openings declined from the August total to 338,000 in September, after reaching a post-Great Recession high of 434,000 in April. The September 2019 count of unfilled jobs represents a year-over-year gain relative to the 299,000 estimated unfilled construction jobs in September 2018. The US construction job open position…

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Softwood Lumber Prices Pop Higher as Seasonal Winter Slow-Down Looms

Softwood Lumber Prices Pop Higher as Seasonal Winter Slow-Down Looms

Veteran solid wood processors and sellers like to say, “Labour Day is the beginning of the end, and US Thanksgiving is the end of the end” for large-volume lumber sales. The business of manufacturing and distributing North American construction framing dimension softwood lumber is directly tied to US home building and remodelling activity. As darkness and bad weather looms across the continent, construction jobsites start to close down. Well aware of this annual cycle, sawmills tend to load up their…

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US Housing Market Share of GDP: 3Q 2019

US Housing Market Share of GDP: 3Q 2019

US GDP 3Q 2019 data shows investment was weak again. Yet residential investment picked up, at a 5.1% annual rate. The US Bureau of Economic Analysis (BEA) reported that investment in US non-residential structures decreased at a 15.3% annual pace in 3Q 2019. Lodging investment decreased in 3Q, but lodging investment is up 6% year-over-year. Usually single family investment is the top category, although home improvement was the top category for five consecutive years following the housing bust. Then investment…

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US Housing Share of GDP: 3Q 2019

US Housing Share of GDP: 3Q 2019

After declines for six consecutive quarters, the home building component of gross domestic product (GDP) in the US increased during 3Q 2019. This gain was due to the housing rebound that has taken hold since the spring, with the pace of single-family permits rising since April and the rate of single-family starts increasing since May. The overall housing share of GDP in the US increased to 14.6% during 3Q 2019, as GDP growth slowed to a 1.9% rate. The home…

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Madison’s Western SPF Lumber Prices Oct 31: sneak preview

Madison’s Western SPF Lumber Prices Oct 31: sneak preview

The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After rising +$8 last week, The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr jumped this week, Oct 31, 2019, up +$18 to US$396 mfbm, from US$378 mfbm; Utility/#3 grade 2×4 continued recent increases, up another +$12 to US$262 mfbm. — Madison’s Lumber Reporter This…

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Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators

Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators

This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There are fewer panel producers than dimension lumber manufacturers — on a relative basis, and they are more disciplined with their production volumes during times of…

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Canfor Goes Private

Canfor Goes Private

The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: Great Pacific Capital Corporation, which already owns 51 per cent of shares in Canfor, will purchase the remaining 49 per cent at $16 each, in a deal that is estimated at more than $980 million. A special committee of lumber giant Canfor’s board has approved an almost $1-billion offer from a Jim Pattison company to take full control of the company. Late Monday night, Canfor issued a…

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