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Over the past month, there has been a significant surge in lumber prices, influenced in part by the uncertainties caused by wildfires in Canada
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North American lumber prices are have continued to rise mainly since Russia has invaded Ukraine. Since Vladimir Putin oredered troops to enter Ukraine, price have increased by 14%...
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Most analyses of U.S. lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted...
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North American lumber prices have risen to a seven-month high as the lingering effects of flooding in Western Canada disrupt supplies and shipments.
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Lumber prices are on the rise again as supply tightens, residential construction projects pick up, and the U.S. prepares to double a tariff on Canadian softwood...
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Lumber futures have hit $628 per thousand board feet (mbf), the Wall Street Journal has reported. Prices are now up nearly 40% since late August and are almost as high as their pre-pandemic levels...
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US lumber futures rose the most in more than a year on concerns that wildfires in western Canada will reduce supply and spur more curtailments at sawmills...
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Building material prices have increased 19.4% over the past 12 months and 13% year to date, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics....
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For the past 16 days US future prices for lumber have been declining and deliveries further in the future are heading in only 1 direction, downwards. July deliveries are now at 1010 USD coming down from a record 1.711 USD in May...
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The construction industry in North America is reeling from solid wood construction framing building material prices that continue to soar. It is a frustrating situation for sawmills as supply remains well below extremely hot, indeed unabated, demand...
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U.S. lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020...
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As mid-January 2021 came upon us, it seemed like supply and demand for softwood lumber and panel products reached an equilibrium. Almost all prices were flat, except the 2x8 sizes which dropped somewhat...
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It’s unbelievable for this time of year and if someone had predicted it a month ago they would have been met with derisive laughter, but lumber prices were actually up last week as demand increased. This is absolutely unprecedented for the week before U.S. Thanksgiving and sawmills simply do not have enough wood in their yards to sell to ravenous customers..
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U.S. housing starts were mostly flat in 2019. At this time last year, softwood lumber sales improved markedly and prices started to rise from quite low levels. As the beginning of 2020 came on, the data on U.S. home building was much improved over the previous year, sending demand for construction framing dimension softwood lumber higher...
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After drifting lower from mid-September to mid-November, U.S. lumber prices are on the rise again. Prices peaked at an all-time high of roughly $950 per thousand board feet in September before gradually moving down to around $550 per thousand board feet last month...
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After some big drops last month, the price of most North American construction framing dimension softwood lumber commodities fell further last week, but by smaller amounts. The supply-demand balance seems to be correcting, due to ongoing strong customers appetite even as the usual autumn slow-down for building activity is upon us...
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With demand for housing surging US homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on the monthly NAHB/Wells Fargo Housing Market Index...
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There was more confusion in the North American construction framing dimension softwood lumber market last week as prices of most home building solid wood commodity items stayed flat, except Eastern S-P-F which did correct down somewhat...
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Record high lumber prices in the US, stable income for residual chips, and slightly lower costs for sawlogs moved 2Q/20 gross margins for US sawmills to some of the highest levels ...
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For U.S. home building activity and thus softwood lumber demand, “Labour Day is the beginning of the end and U.S. Thanksgiving is the end of the end”. Canadian Thanksgiving is somewhere in the middle of these important dates, so provides a good indication of what is happening with lumber prices as U.S. housing slows down into the winter season...
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The Canadian Thanksgiving long weekend brought a not-surprising further drop in prices of most benchmark construction framing dimension softwood lumber commodities, as the days got increasingly shorter and the weather turned ever more winter-like. Demand across North America was almost entirely for small fill-in orders, while sawmills were preoccupied with locating shipments long-ago sent to customers but still not arrived...
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Recently, producer and wholesaler dimension softwood lumber prices across North America dropped, as expected for this time of year. However, US housing starts data for September 2020 is incredibly strong, so the expectation is that — given ongoing very high demand — asking prices will not approach the low levels of 2019. It is safe to say that a price floor has been reached, although where exactly that will land remains to be seen...
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Most standard construction framing dimension softwood lumber commodities could level off or even start dropping, and that’s exactly what has happened. Players and industry insiders say that supply is improving as sawmills are able to get more lumber production online, just as the usual seasonal drop in demand arrives.
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