{"id":78203,"date":"2019-10-01T08:52:46","date_gmt":"2019-10-01T08:52:46","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-softwood-lumber-prices-continue-to-improve\/"},"modified":"2025-09-19T08:51:47","modified_gmt":"2025-09-19T08:51:47","slug":"us-softwood-lumber-prices-continue-to-improve","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-softwood-lumber-prices-continue-to-improve\/","title":{"rendered":"US softwood lumber prices continue to improve"},"content":{"rendered":"
\n

The mix of different types of building that make up the critical U.S. housing market have changed drastically since the epic U.S. home building crash of September 2006. While all acknowledge that the statistics will not soon \u2014 or ever \u2014 again be at 2.5 million housing starts annualized, there are many and varied interpretations of this new mix of U.S. home building data.<\/strong><\/em><\/span><\/p>\n

Multi-unit starts continue to dominate, by a much higher ratio than previously. For several years since the U.S. housing recovery, economists held on to the idea that the ratio of single-family starts would eventually recover to previous levels. However what is actually happening to date is increasing five-unit and especially two- to four-unit starts, while single-family starts languish at the lower ratio reached around 2011.<\/p>\n

Since multi-family starts use less wood, and different types of wood, this change in building practices is going to affect the North American sawmilling industry. Conversely, with each passing week more jurisdictions around the world authorize multi-story wood building, and embark on projects using cross-laminated timber and other advanced engineered wood products. So while the demand for standard 2x4s might not be great, that for specialty and higher-value lumber products looks very bright indeed.<\/p>\n

Last week was another of rising lumber prices, even as a glowing U.S. housing starts report came out and more Canadian sawmills announced closures and curtailments. This week\u2019s benchmark lumber commodity Western Spruce-Pine-Fir KD 2\u00d74 #2&Btr price was U.S. $382, up another +$6, or +2%, from one month ago when it was U.S. $346 mfbm. Narrowing the gap from the highs of summer 2018, compared to one year ago this price is down -$44, or -10%.<\/p>\n

\"\"<\/a><\/p>\n

Compared to historical trends, this week\u2019s WSPF KD 2\u00d74 #2&Btr price is up +$19 relative to the one-year rolling average price of U.S. $363 mfbm. This price is down -$65, or -15%, relative to the two-year rolling average price of $447.<\/p>\n

After getting many decent-volume deals done in recent weeks, Western SPF purveyors in the U.S. reported a noticeable step back in the pace of trading last week. Players stressed that demand was still strong, and this was just a sign of buyers receiving their loads and working through their own inventories for the time being. Producers pushed sawmill order files into the first two weeks of October on virtually all commodity items. Wholesalers and distributers were slightly busier this week than mills, thanks to their marginally-lower-than-replacement-level prices and their ability to ship a bit more quickly.<\/p>\n

\"\"<\/a><\/p>\n<\/div>\n

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The mix of different types of building that make up the critical U.S. housing market have changed drastically since the epic U.S. home building crash of September 2006. 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