On a year-over-year basis, sales were 5.9% lower than a year ago.
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Single-family permits decreased 4.6% to a 1.11 million unit rate in April. Nonetheless, the resale market lacks inventory, which is supporting demand for new construction.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
In 2021, the top position in Italian machinery exports is taken by the United States (Euro 164.2 million, +13.9% over 2020), followed by France (Euro 118.2 million, +10.3%) and Poland (Euro 110.6 million, +34%).
The biggest factor driving change between February 2022 and February 2021 was a 178,000 m3 decline in softwood imports, with hardwood and plywood imports up by 32% and 8% respectively.
Median single-family existing-home prices rose at a faster rate nationally – 15.7% – from one year ago, up to $368,200
This is the worst quarter since the pandemic downturn in Q2 2020. In the fourth quarter, real GDP increased 6.9%.
This is the 10th such Woodchip and Biomass Trade Conference organised by Dennis Neilson (DANA NZ) since 2005, and the third co-convened by Gavin Hao (GINGKO Consulting).
In 2022, Russia's losses due to the ban on the supply of wood products to Europe may exceed $2 billion.
Since reaching its most recent trough in September 2021, prices have almost doubled, rising 90.4%.
Eastern Washington Congresswoman Cathy McMorris Rodgers and Congressman Bruce Westerman proposed legislation that would ban imports of wood products from Russia and Belarus. NAHB supports Rep. Bruce Westerman’s legislation.
"To secure future local timber supply and avoid shortages, we desperately need one billion new production trees planted by 2030. That planting needs to start immediately." said Ross Hampton, Chief Executive Officer of the Australian Forest Products Association.
The US South is the most abundant domestic wood market and its share of use in building materials to continue to increase.
The most recent lumber price spikes have added more than $18,500 to the price of an average new single-family home and nearly $8,000 to the price of a multifamily home.
Russia was the third-largest source of U.S. hardwood plywood imports in 2021, exceeding 567 million square feet worth more than $334 million.
After an unsustainably strong period of new home sales from summer 2020 to early 2021, sales have settled back to the long-term trend, bounded by construction constraints and housing affordability concerns.
The lumber tariffs are contributing to unprecedented price volatility that has added more than $18,600 to the price of a new home since last August, NAHB says.
Jerry Konter, Chairman of the National Association of Home Builders (NAHB) urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs during a virtual White House listening session today on resolvin...
Increased sanctions against trading with Russia and difficulty with financial transactions will probably interrupt and re-direct shipments of forest products throughout the world.
Big swings in US lumber futures prices are preventing traders from laying bets. In 25 of this year’s 35 trading sessions, prices of the leading lumber futures contract have moved so sharply that they have ended the day stuck at limits designed to ensure an orderly market.