{"id":87997,"date":"2024-08-16T06:12:15","date_gmt":"2024-08-16T06:12:15","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/recent-trends-in-the-us-lumber-and-housing-market\/"},"modified":"2025-09-19T09:02:37","modified_gmt":"2025-09-19T09:02:37","slug":"recent-trends-in-the-us-lumber-and-housing-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/recent-trends-in-the-us-lumber-and-housing-market\/","title":{"rendered":"Recent trends in the US lumber and housing market"},"content":{"rendered":"

The US housing market saw a notable slowdown in May 2024, with revised housing starts falling to 1.314 million units (SAAR), marking a 2.8% decrease from April\u2019s 1.352 million units. Single-family starts dropped by 3.3% to 1.002 million units, accounting for 76% of total starts, up from 64% a year earlier. Multi-family starts decreased by 1.3% to 312,000 units.<\/span><\/p>\n

In June, housing starts showed mixed results. Total starts increased to 1.353 million units (SAAR), but single-family starts fell by 2.2% to 980,000 units. Conversely, multi-family starts surged by 19.6%.<\/p>\n

Mortgage rates remain around 7%, reducing affordability for many buyers. Median home prices are rising, and existing home sales are sluggish, which is expected to negatively impact lumber and panel markets for the remainder of 2024.<\/p>\n

US softwood lumber production in the first quarter of 2024 declined by 3.4% to 9 billion board feet. Production decreases were noted across various regions, including a 4.9% drop in southern yellow pine output. Low lumber prices in the South have led to reduced production.<\/p>\n

Lumber imports to the US rose slightly by 0.25% in the first five months of 2024, totaling 9 billion board feet. Imports from Canada increased by 4% to 7.5 billion board feet, while European imports fell by 23% to 1.05 billion board feet. Canada\u2019s lumber production rose by 2.2% to 5.3 billion board feet, though output in British Columbia dropped by 6.6%. Canadian exports to the US increased by 4% to 5.18 billion board feet, while exports to Japan rose by 36% and those to China fell by 24%.<\/p>\n

North American lumber prices in the first half of 2024 generally trended downward due to decreased demand and excess production. Prices for W-SPF 2\u00d74 lumber increased by 4% in the first quarter but fell by 25% in the second quarter. Prices for W-SYP 2\u00d74 lumber declined by 15% in the first quarter and another 9% in the second quarter. By early July, many sawmills were operating at or below breakeven costs, with European exporters facing negative margins due to higher log costs.<\/p>\n

Pulpwood prices varied regionally in Q2 2024. In the Lake States, hardwood roundwood prices were stable, while softwood roundwood prices rose by $2. In the South Central region, hardwood roundwood prices increased by $1, with softwood prices remaining flat. The South Atlantic saw hardwood prices rise by $2 and softwood prices up by $1. In the Northeast, both hardwood and softwood roundwood prices saw small changes. The Pacific Northwest experienced stable softwood roundwood prices but a 15% year-over-year decline.<\/p>\n

Douglas-fir log prices in the Pacific Northwest declined in Q2 2024, with the Willamette Valley seeing the steepest drops. Average annual nominal prices for Douglas-fir 2-Saw logs fell by 4.3% through May, while Whitewood 2-Saw prices showed slight increases.<\/p>\n

Large timberland transactions in the US remained subdued in Q2 2024, with limited new activity and pending transactions from Q1 still in progress.<\/p>","protected":false},"excerpt":{"rendered":"

The US housing market saw a notable slowdown in May 2024, with revised housing starts falling to 1.314 million units (SAAR), marking a 2.8% decrease from April\u2019s 1.352 million units. Single-family starts dropped by 3.3% to 1.002 million units, accounting … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":83726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nRecent trends in the US lumber and housing 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\/recent-trends-in-the-us-lumber-and-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recent trends in the US lumber and housing market - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The US housing market saw a notable slowdown in May 2024, with revised housing starts falling to 1.314 million units (SAAR), marking a 2.8% decrease from April\u2019s 1.352 million units. 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