Wood Business

Industry News Markets
Madison’s BC Coast Logs prices: January 2021


February 8, 2021
By Madison's Lumber Reporter

U.S. home construction starts rose in December 2020 to the best pace since late 2006 as builders responded to the robust demand for single-family housing. New residential housing starts climbed by +5.8% to a 1.67 million annualized rate, from 1.58 in November. Full-year 2020 saw a total of 1.38 million starts.

Single-family homebuilding, the largest share of the housing market, soared +12 to a seasonally adjusted annual rate of 1.338 million units. Single-family starts have increased for eight straight months. One-unit construction for full-year 2020 climbed to 991,200.

The supply-demand balance seemed to find an even keel in the second week of 2021, ending Jan. 15, 2021, with benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr prices staying flat at US$944 mfbm over the previous week. Last week’s price is +$292, or +45%, more than it was one month ago when it was $652.

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