Tag: U.S.

U.S. home construction jumps 11.8% in November

U.S. homebuilding surged to an eight-month high in November 2021 amid an acute shortage of properties on the market, though higher prices for raw materials and labor shortages remain a constraint. Housing starts increased 11.8% to a seasonally...

U.S. duties on Canadian softwood lumber to almost double

The United States has decided to almost double the duties on Canadian softwood lumber from most producers to 17.9%, Canadian Trade Minister Mary Ng said on Wednesday, adding that Canada is “extremely disappointed.” The current rate for most...

U.S. single-family housing starts decline further in August 2021

Overall housing starts advanced 3.9% MoM to a rate of 1.615 million units in August 2021. Data for July was revised up to a rate of 1.554 million units from the previously reported 1.534 million units. Housing starts...

July U.S. housing starts fall 7% from June

July U.S. housing starts were down 7% from June, but were 2.5% higher on the year, according to data released Aug. 18 by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. July housing...

Pratt plans $400 million recycled paper mill in the U.S.

Pratt Industries and Kentucky state officials today announced the company will build its sixth 100% recycled paper mill in the U.S. The project will break ground next year and is slated to start up in fall 2023. Pratt...

U.S. housing starts rise in June

U.S. homebuilding increased more than expected in June, though expensive lumber, as well as shortages of labor and land, continued to constrain builders’ ability to fully take advantage of robust demand for housing. Housing starts rose 6.3% to...

US timber prices hit record high again

Softwood timber and panel (plywood and OSB) prices rose by even more the week of May 7 than they did the week before, indicating that demand for construction framing wood products is not slowing down. In the week...

US wood pellet exports top 667,000 metric tons in March 2021

The U.S. exported 667,309 metric tons of wood pellets in March 2021, up from both 556,802 metric tons in February and 670,464 metric tons in March 2020, according to data released by the USDA Foreign Agricultural Service. The...

US sawn timber prices continue to rise

Rising further after reaching seemingly impossible highs, in the week ending April 23, 2021, the wholesaler price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr was $1,330 mfbm. This is up by +$120, or +9%,...

US housing starts move higher in March 2021

A report released by the Commerce Department on Friday showed a substantial rebound in new residential construction in the U.S. in the month of March 2021. The Commerce Department said housing starts skyrocketed by 19.4% to an annual...

US sawn timber prices show all-time highs

In the week ending April 16, 2021, the price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr rose another +$80, or +6%, to $1,210 mfbm ($465 per m³), from $1,130 the previous week, said Madison’s...

Russian Timber Journal 03-2021: interview with Oleg Fokin, Commercial Director of Sudoma Sawmill; markets of South Korea and Japan: prospects for the development of wood pellet exports from Russia; U.S. softwood sawn timber prices unchanged from the previous week; timber exporters from Irkutsk are experiencing difficulties in shipping products to China; investments in the Russian forest industry decreased by 9.8% in 2020

Russian Timber Journal 03-2021: Oleg Fokin, Commercial Director of Sudoma Sawmill: “At the moment, Russia does not have enough own production facilities for processing low-grade timber in full”; WhatWood: Russian wood pellet exports outlook to the South Korea and...