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US Housing Market August & Softwood Lumber Prices Sept: 2022
US housing starts and US new home sales for August 2022 sharply reversed the downward trend seen in the past few months since mortgage and interest rate increases hit the housing market. While it is true that a slow-down is apparent in both construction and home buying activity, it is important to note that month-over-month…
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Madison’s BC Coast Log prices report: Aug 2022
North America Sawmill Capacity Utilization Rates: WWPA June 2022 US sawmill production as a per cent of practical capacity for January-June 2022 was down to 84%, compared to the first six months of last year when it was 87%, said the Western Wood Products Association’s monthly Lumber Track. Canada’s sawmill capacity utilization rate continued to…
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Lumber Prices Stay Level on Low-er Field Inventories
As inventories in the field tightened up, many benchmark softwood lumber prices stayed flat in mid-September. Supply at producers was quite lean, providing sawmills the opportunity to keep prices flat as they boosted order files out to two weeks — which is quite strong for the time of year. For their part, wholesalers and other…
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Madison’s Heating Wood Pellet Report: Aug 2022
Global Wood Pellet Operations Update: Colossal US Senate Bill Includes Funding for Biomass In another show of political support for biomass as a renewable energy source in the inchoate fight against climate change, the US Senate recently passed a massive government spending bill that includes incentives for much of the biomass sector. Provisions aimed at…
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Lumber Prices Drop as September Marches On
It is normal for this time of year for North America construction framing dimension softwood lumber prices to be falling, as the bulk of main home building activity is finished for the season. There are times when the weather is good so a bump in Do-It-Yourself and home remodelling brings an increase in demand at…
