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Dec 31, 2024 · Stable prices for timber and lumber in the U.S. Scott Reaves of Domain Timber Advisors shared projections for the U.S. timber market, indicating minimal price movements and subdued demand due to high interest rates and an economic downturn. By the end of the year, these forecasts were correct: lumber prices stabilized at $400 per thousand board feet, with a slight increase at the end of the year.

Jan 27, 2025 · Sales of new single-family homes increased in December, marking a steady end to 2024. Purchases rose to a seasonally adjusted annual rate of 698,000, up 3.6% from November’s revised figure of 674,000, according to data released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

4 days ago · Lumber futures opened at $630 on Monday on the Chicago Mercantile Exchange, rising sharply from the previous close of $592 before settling at $605, up $13 or 2.2%. The surge reflects market concerns over U.S. tariffs on Canadian imports, set to take effect Tuesday.

The strong demand for wood in energy production and decreased supply from Canada and Russia have bolstered Swedish timber prices. Fifty percent of forest owners now expect timber prices to rise further over the next three years.

Jan 6, 2025 · President-elect Donald Trump’s threat to impose a 25% tariff on Canadian imports could significantly disrupt the U.S. lumber supply chain, according to Rajan Parajuli, an associate professor of forest economics and policy at NC State University. Canada, one of the largest global producers of softwood lumber, exported 28.1 million m3 …

Jan 28, 2025 · Tariffs on building materials like softwood lumber, gypsum, and steel are increasing construction costs, driving up home prices and harming housing affordability. In 2023, the U.S. used $184 billion in materials to build single-family and multifamily homes, with $13 billion – approximately 7%

Jan 22, 2025 · In 2024, China’s plywood exports rebounded to levels comparable to 2021, following two years of redu ...