Tag: UShousing

At a time of year when home building and construction is usually going strong, this year that has not yet materialized. As such, lumber sales have not picked up from the end of winter. After succeeding in holding prices flat, mostly due to significant sawmill curtailments and downtime, in the past two weeks the producers…

Gain deep understanding of the market dynamics between the three main 2×4 construction framing dimension softwood lumber prices produced and sold across North America: WSPF, ESPF, and SYP East Side. In the week ending May 10, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$383 mfbm which is flat from the previous…

The Madison’s Lumber Prices Index for the week ending may 10, 2024 is: US$415 mfbm The Madison’s Lumber Prices Index for the week ending May 10, 2024 is: US$415 mfbmThis is down by -0.5%, or -$2, from the previous week when it was US$417. For information regarding the construction of this Index (species mix, weighed…

Ruling May 6, 2024: U.S. Department of Commerce to correct errors in its setting of countervailing duties on Canadian softwood lumber “The Panel orders Commerce to make a determination on remand consistent with the findings and instructions of this opinion. The remand determination shall be made within 90 days.” https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/forestry/softwood-lumber/nafta_panel_decision_cvd_investigation_appeal_may_6_2024.pdf

In what is normally the beginning of true building season across North America, the end of April this year did not bring the usual high volumes of lumber sales. Indeed, while recent lower prices did encourage customers to increase purchasing somewhat, actual sales volumes remained below the seasonal norm. Participants in the forest products industry…