The improved housing market in the US the past four months has resulted in both higher lumber production in the US and in increased importation of lumber. Lumber prices have gone up by over 30% from last year, while sawlog prices are unchanged.
Increased demand for lumber in the US and higher exports to China resulted in higher lumber prices in 2012. Log prices have moved up in Interior BC 2Q/12 y-o-y, while falling in Western US and remaining unchanged in the US South, reports the WRQ.
Last year global demand for softwood lumber increased by more than 10 percent after having hit a 50-year low in 2009. The rise in demand has pushed lumber prices in North America, Asia and Europe to their highest levels in ten months, reports the WRQ
Sawlog prices in Western US were up about 20 percent in 2010 as an result of increased competition for logs from log buyers in China, South Korea and Japan, according to the North American Wood Fiber Review.