{"id":80313,"date":"2021-02-08T11:41:07","date_gmt":"2021-02-08T11:41:07","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/spectacular-2021-start-north-american-lumber-market\/"},"modified":"2025-09-19T08:54:44","modified_gmt":"2025-09-19T08:54:44","slug":"spectacular-2021-start-north-american-lumber-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/spectacular-2021-start-north-american-lumber-market\/","title":{"rendered":"Spectacular 2021 start for the North American lumber market"},"content":{"rendered":"<p><em>We\u2019re just a few weeks into a new year but in the North American softwood lumber market, 2021 is beginning to feel a lot like 2020.<\/em><\/p>\n<p>Southern yellow pine (SYP) lumber prices set new records last fall before finishing the year with a tremendous rally thanks to strong demand driven by late-season mild weather, and prices have moved even higher in the new year.<\/p>\n<p>Composite SYP lumber price for the week ending January 22 (week 3) was $945\/MBF, a 3.2% decrease from the previous week\u2019s price of $976\/MBF, but an amazing 161% increase over the same week last year. While prices decreased in week 3, they are still 2% higher than the peak achieved in 2020 ($927\/MBF).<\/p>\n<p>A look back at 2020 price trends illustrates the incredible surge that developed in 2Q before peaking in 3Q:<\/p>\n<ul>\n<li>1Q2020 Average Price: $360\/MBF<\/li>\n<li>2Q2020 Average Price: $456\/MBF<\/li>\n<li>3Q2020 Average Price: $761\/MBF<\/li>\n<li>4Q2020 Average Price: $580\/MBF<\/li>\n<\/ul>\n<p>Record-high lumber prices have now begun to impact builder confidence levels, which dropped 3 points in mid-January to 83 according to the\u00a0NAHB\/Wells Fargo Housing Market Index\u00a0(anything above 50 is considered positive). For reference, the index hit a record high of 90 last November; in January 2020 (before impacts from COVID-19), it was 75.<\/p>\n<p>\u201cDespite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems,\u201d said NAHB Chairman Chuck Fowke. \u201cBuilders are grappling with supply-side constraints related to lumber and other material costs, a lack of affordable lots and labor shortages that delay delivery times and put upward pressure on home prices. They are also concerned about a changing regulatory environment.\u201d<\/p>\n<p>An old saying in economics states that \u201cthe cure for high prices is... high prices.\u201d Which is to say, in a market relatively free of regulatory and other barriers to entry, record profits will attract more supply\u2014which, in turn, lowers prices. The US housing market could hardly be regarded as regulation-free, however, the COVID-19 pandemic (to cite just one example) has made starting new construction firms\u2014not to mention staffing existing firms\u2014much more challenging.<\/p>\n<p>Pent-up housing demand could continue outstripping available supply in the near term, which will keep upward pressure on lumber prices.\u00a0Housing starts\u00a0were up 5.8% in December and 2020 starts were up 7.0% over 2019 starts, which suggests there is momentum behind the trend. Given the backlog of sold-but-not-started units (since January 2020, an average of 28% of new homes had not been started when sold), it is safe to conclude the ongoing building boom is likely to continue for several more months, which should be good news for prospective home buyers and lumber manufacturers alike.<\/p>","protected":false},"excerpt":{"rendered":"<p>We\u2019re just a few weeks into a new year but in the North American softwood lumber market, 2021 is beginning to feel a lot like 2020. Southern yellow pine (SYP) lumber prices set new records last fall before finishing the &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/spectacular-2021-start-north-american-lumber-market\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-80313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","topic-industry-prices","topic-sawmilling","topic-wood-construction","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spectacular 2021 start for the North American lumber market - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/spectacular-2021-start-north-american-lumber-market\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectacular 2021 start for the North American lumber market - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"We\u2019re just a few weeks into a new year but in the North American softwood lumber market, 2021 is beginning to feel a lot like 2020. Southern yellow pine (SYP) lumber prices set new records last fall before finishing the &hellip; Continue reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/spectacular-2021-start-north-american-lumber-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T11:41:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T08:54:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/bunksofLumber.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1208\" \/>\n\t<meta property=\"og:image:height\" content=\"603\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Spectacular 2021 start for the North American lumber market\",\"datePublished\":\"2021-02-08T11:41:07+00:00\",\"dateModified\":\"2025-09-19T08:54:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/\"},\"wordCount\":438,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/bunksofLumber.jpg\",\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/spectacular-2021-start-north-american-lumber-market\/\",\"name\":\"Spectacular 2021 start for the North American lumber market - 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