Hardwood Market Report (HMR) is part of Fastmarkets

Given the recent mill curtailments some hardwood producers are thinking creatively in order to stay productive

Multifamily housing starts show some sign of life in late 2023, but the overall picture shows a different trend when compared to single-family

Overseas hardwood trade has seen a global-wide downward trend, in addition to reduced domestic demand in the US

Despite slower population growth and lower household formation rates, there remains a shortfall in the housing market, particularly for starter homes in North America

Despite a modest slowdown in new orders, the demand for tropical hardwoods remains robust in North American markets, particularly in high-end projects and exterior applications, with supply issues varying across different species and specifications.

Fastmarkets hosted an insightful webinar on the future of southern yellow pine and its potential impact on the North American lumber industry. For those who missed it, here’s a breakdown of the key takeaways

High interest rates, softening house price appreciation and sluggish home sales are beginning to affect the home improvement market

Western spruce-pine-fir (WSPF), once a dominant force in the North American lumber market, has seen a significant decline in recent years. Is it now time for southern yellow pine to take its place?

Ongoing reductions in household moves usually result in a decline in remodeling and repair activity

Soft demand conditions and weak prices have been the catalyst for another salvo of mill closures in recent years