US Housing Starts March and Softwood Lumber Prices April: 2021

US Housing Total and 1-Unit Starts March & Benchmark Softwood Lumber Prices April 2021 This year started off with a very harsh winter, which kept construction and building activity down in January and February. March housing starts across North America show a significant rebound; something Madison’s expected, due to

Canada and US Railcar Loadings: March 2021

Total US carload traffic for the first 3 months of 2021 was 2,911,097 carloads, down -2.6%, or 77,267 carloads, from the same period last year; and 3,619,546 intermodal units, up +13.2%, or 421,513 containers and trailers, from last year. The Association of American Railroads (AAR) reported April 7 US

Global shortage of wood products may become worse

Although the temporary blockade of the Suez Canal last month interrupted global trade, the supply chain problems have become more serious. Next, construction products and materials are expected to have more shortages, longer delivery times and higher prices. In a joint statement, the UK Construction Industry Leadership Council issued the following

Homag plans largest investment in its history

The Homag Group has launched the largest investment program in its corporate history. Over the next three years, €60 to €80 million are to be invested in the modernization of the main location in Schopfloch. Homag is investing a further €15 million in a new plant in Poland. There are also plans

Global wooden pallet prices hit record highs

Pallet prices have hit record highs, according to a U.S. Labor Department index, and European gauges show big jumps from the U.K. to Germany. The market may stay hot through the peak construction season in the springtime and as COVID-19 vaccines help revive restaurants and event venues — adding to

No relief in sight for high lumber prices, conference concludes

It’s been just over a year since the COVID-19 pandemic arrived in Canada. Since then, almost every aspect of life has changed. In the forest industry, it has impacted the way we build, the way we trade and source, and the way we live and work. Appropriately, this was the

US New Home Sales Feb, House Prices Jan, and Softwood Lumber Prices March: 2021 (video)

Home prices across the US surged more than +10% in December, indicating a strong demand in the housing market. According to the S&P CoreLogic Case-Shiller Indices, home prices continued the trend of accelerating that began in Summer 2020 as the coronavirus pandemic drove people from urban apartments to buy suburban

Lumber Price and Value Against Economic Indicators

People are asking about lumber prices adjusted for inflation, I did a graph for panel (plywood and OSB), read more here: Historically High Plywood Prices Comparison: Graph In terms of lumber price value against economic indicators: “Price of Lumber in BTC, WTI Crude OIL Barrels (gas bills), Gold and Silver

Professor develops method to predict future lumber price changes

At a time when lumber prices are skyrocketing, an Oregon State University researcher has developed a new way to predict the future price of logs that uses readily accessible economic information. “Log prices are really variable,” said Jeff Reimer, a professor of applied economics at Oregon State. “That makes this