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The major news today is that existing home sales were down 27 percent. So the moral of the story is that , as housing remains flat, lumber supply and lumber demand will continue to reach an equilibrium. Lumber mills remain cautious as potential as potential homebuyers remain on the sidelines. This is impacting wholesale lumber [...]

According to the CME, the lumber futures market for September closed down by apx 2.39 percent and November was down , lower at 1.57 percent. As housing starts remain sluggish, structural lumber supply inventories of SY pine lumber, doug-fir, and hem-fir may grow putting price pressure on lumber mills. This will also impact non-commodity items [...]

Many softwood and hardwood lumber companies have been announcing postive earnings for the Q2 of 2010. This is due to firm prices in the 2nd quarter of 2010 for framing lumber species and the hardwood species including red oak, white oak, soft maple, hard maple, cherry, & walnut.  New home sales were up in June. [...]

Housing data was released by the Department of Census and shows that the annualized rate of 586,000, which is slightly down from June. Again, the expiration of the credit for new homebuyers had a direct increase in this figure. Furthermore, foreclosures continue to supply the market and so there is little demand for new construction. This not only [...]