Category: Lumber Pricing Trends

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North American softwood lumber prices fall to a new low this year
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North American softwood lumber prices fall to a new low this year

Softwood lumber prices continued their downtrend on Wednesday, falling 5% to a new 2022 low of $495 per thousand board feet. The sell-off came as homebuilders adjust to the new reality of a housing market that is “going back to normal.” North American softwood lumber prices continued their descent on Wednesday, falling as much as...

Unprecedented period of change in European wooden furniture sector
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Unprecedented period of change in European wooden furniture sector

The last two and half years, marked from the start of 2020 by the Covid-19 pandemic and from February this year by war in Ukraine, have seen unprecedented changes in Europe’s wood furniture sector. The sector has passed through a period characterized by an initial but very short lived fall in demand in the second...

Germany: Wood pellet prices more than double over a year ago
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Germany: Wood pellet prices more than double over a year ago

Germany’s current demand for wood pellets is higher than ever. This applies to pellet heating systems as well as pellet stoves. The average price for wood pellets in Germany in July 2022 was €507.83/t. This is 17.7% more than in the previous month and 125.5% more than in July 2021. There are the following regional differences in the...

Belgium: Worries about availability of wood; prices on the rise
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Belgium: Worries about availability of wood; prices on the rise

Wood traders in Belgium are currently experiencing an unusually high demand for firewood. The reason for this is the high prices for electricity and gas. “There is indeed a rush for firewood,” comments Marc Peleman from the Peleman sawmill in Puurs-Sint-Amands in a report in the newspaper De Tijd. An observation confirmed by other timber...

New Brunswick to reform timber royalty system, raise stumpage rates in interim
Benchmark lumber prices jump to a record despite slowdown in sales
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Benchmark lumber prices jump to a record despite slowdown in sales

Western spruce, pine & fir lumber prices rose to a four-digit close for the first time on Tuesday, according to market watcher Random Lengths. Source: https://globalnews.ca/news/7645665/record-benchmark-lumber-prices/

U.S. housing affordability falls to lowest level since great recession
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U.S. housing affordability falls to lowest level since great recession

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8 per cent of new and existing homes sold...

Resolute posts lower Q2 results; to close acquisition by Paper Excellence in first half 2023
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Resolute posts lower Q2 results; to close acquisition by Paper Excellence in first half 2023

Resolute Forest Products has reported net income of $256 million for the quarter ending June 30, compared to net income of $268 million in the same period last year. Sales were $1,058 million in the quarter, a decrease of $82 million from the year-ago period. The company attributed the decrease in sales and profit to lower...

Madison’s Sawmill Curtailment Lookout: July 2022
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Madison’s Sawmill Curtailment Lookout: July 2022

We hope you enjoy the very important timely North America sawmill and lumber manufacturer information inside! This update is related to the fabulous Madison’s Lumber Directory, currently available with our good friends at Lumber Blue Book https://www.lumberbluebook.com/join-today-2/ Madison’s Sawmill Curtailment Lookout: July 2022 Your trusted source for weekly softwood lumber prices and market updates, Madison’s...