Sawmill operators across Canada and the US chopped softwood lumber prices last week by a wide margin in response to: wavering demand; both surpluses and shortages with supply (depending on who was being asked for which commodity); and, yet more transportation issues than the previous week.
Madison’s Lumber Reporter
US and Canadian softwood lumber demand remained high this week, but stocking wholesalers and resellers struggled with issues around the need to quarantine and keep social distance for their staff.
As the Softwood Lumber Dispute V file winds it’s way through the usual US domestic as well as international trade court tribunals, a preliminary ruling from the US Commerce Dept brings a sharp reduction in the duty rates paid on Canadian softwood lumber entering the US.
New home building in the US skyrocketted, by almost 17%, last month however this is after an almost equally sharp drop in November. Reasonably clement weather in the densely-populated US northeast last week allowed for quite robust construction activity, providing softwood lumber sellers the opportunity to hold prices ...
The latest US housing starts data showed continued improvement. Such a strong end to what turned out to be a pretty good year for North American construction framing dimension softwood lumber prices - after a terrifying start - bodes well for 2020.
US house prices rose in 3Q 2019, up +1.1%, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices in the US rose +4.9% from 3Q 2018 to 3Q 2019. FHFA's seasonally adjusted monthly index for September was up +0.6% from August.
Continuing flat, as last month, US softwood lumber production volume for January - September 2019 was 26,616 mmfbm. Also like last month, softwood lumber production in Canada continued big drops since the beginning of this year, once more falling -11%, to 18,608 mmfbm, compared to the first nine months of 2018 when it ...
The exciting part of this particular adjustment is finding new opportunities. Opportunities that work for the individual facility location, not dictated by larger industry dynamics or by government.
Construction framing dimension softwood lumber prices in Canada and the US, meanwhile, stabilized last week to levels moderate when compared to one-year and two-years ago price levels.
The work stoppage on CN Rail ended - as of mid-day Tuesday - which was soon enough to avoid truly negative impact on Canada’s forest industry. After achieving dizzying highs in summer 2018, most standard construction framing dimension softwood lumber prices are now higher than last month and one year ago, while special...
US home building activity continues to improve, but in Canada forest operators are facing work-stoppage with one of the two railways.