Are timber prices up or down 2021? – co2captureandstorage.info

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What are the predictions for the timber market?

U.S. lumber consumption will fall somewhere between 4% and 5% in 2023, Jalbert predicts. He estimates that in 2022, lumber consumption fell by 1.6% as a result of “sudden weakening in new residential construction activity in the second half of the year and a major correction in do-it-yourself (DIY) lumber demand.”

Are lumber prices going up or down in 2023?

The bottom line: Simonson’s lumber experts say they’re anticipating lower overall numbers compared to mid-pandemic prices but do not foresee 2023 prices dipping lower than what we are seeing at the end of 2022.

Why are timber prices falling?

However, a major part of the price drop isn’t entirely due to increased production or a lack of demand, but it comes down to something you may not think about. “It’s the cost of the shipping of the goods, the container costs. You can look back on container costs being $20,000, to container during COVID.”

Are lumber prices expected to drop?

Near Pre-Pandemic Prices are Possible—But Not Lower: Experts expect lumber prices to decline gradually over the next few months.

Is there a high demand for timber?

During the pandemic in 2020 through 2022, California timber operators said there was strength and optimism in the market as demand skyrocketed for harvested logs and lumber products.

Is timber in high demand?

The demand for wood products in California is at an all-time high. In fact, we are unable to meet current demand and import 80% of the wood we use. Each year, the average person uses products that are the equivalent of one 100-foot tall tree, 18 inches in diameter.

What is the price of timber in 2023?

As of the end of April 2023, the timber price fell back to the lower prices observed at the end of 2022 and stood at 351.8 U.S. dollars per thousand board feet.

Are lumber prices back to normal?

The price per 1,000 board feet of lumber has dropped to pre-pandemic levels by the end of the first week of the new year. In March 2022, the price of lumber was around $1,460. On January 6, 2022, prices fell to $354. Consumers may not see the entirety of the drop reflected at retail home improvement stores immediately.

Why is lumber going back up in 2023?

Demand is high and supply is low. Regardless of the commodity or service, low supply and high demand is always an economic blueprint for a price increase. In addition, lumber has historically been a commodity that experiences high price volatility.

What tree gives the most lumber money?

Type of Tree	Size of Tree	Average Value of Tree
1. Poplar Tree	Circumference: 40 inches Height: 60 feet	$840
2. Loblolly Pine Tree	Circumference: 40 inches Height: 60 feet	$1,320
3. Birch Tree	Circumference: 40 inches Height: 60 feet	$1,560
4. Douglas Fir Tree	Circumference: 40 inches Height: 60 feet	$2,250

What is the most profitable timber?

Some of the Most Profitable Hardwood Trees for Timber: Hickory, Maple, Red Alder, Sycamore, Willow, Birch, Beech, Ash.

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[wpremark preset_name=”chat_message_1_my” icon_show=”0″ background_color=”#e0f3ff” padding_right=”30″ padding_left=”30″ border_radius=”30″] [wpremark_icon icon=”quote-left-2-solid” width=”32″ height=”32″] What are the predictions for the timber market

U.S. lumber consumption will fall somewhere between 4% and 5% in 2023, Jalbert predicts. He estimates that in 2022, lumber consumption fell by 1.6% as a result of "sudden weakening in new residential construction activity in the second half of the year and a major correction in do-it-yourself (DIY) lumber demand."

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The bottom line

Simonson's lumber experts say they're anticipating lower overall numbers compared to mid-pandemic prices, but do not foresee 2023 prices dipping lower than what we are seeing at the end of 2022.
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However, a major part of the price drop isn't entirely due to increased production or a lack of demand, but it comes down to something you may not think about. “It's the cost of the shipping of the goods, the container costs. You can look back on container cost being $20,000, to container during COVID.

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Near Pre-Pandemic Prices are Possible—But Not Lower

Experts expect lumber prices to decline gradually over the next few months.
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During the pandemic in 2020 through 2022, California timber operators said there was strength and optimism in the market as demand skyrocketed for harvested logs and lumber products.

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As of the end of April 2023, timber price fell back to the lower prices observed at the end of 2022, and stood at 351.8 U.S. dollars per thousand board feet.

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Type of Tree	Size of Tree	Average Value of Tree
1. Poplar Tree	Circumference: 40 inches Height: 60 feet	$840
2. Loblolly Pine Tree	Circumference: 40 inches Height: 60 feet	$1,320
3. Birch Tree	Circumference: 40 inches Height: 60 feet	$1,560
4. Douglas Fir Tree	Circumference: 40 inches Height: 60 feet	$2,250

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Some of the Most Profitable Hardwood Trees for TimberHickory.Maple.Red Alder.Sycamore.Willow.Birch.Beech.Ash.

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Type of Tree	Size of Tree	Average Value of Tree
1. Poplar Tree	Circumference: 40 inches Height: 60 feet	$840
2. Loblolly Pine Tree	Circumference: 40 inches Height: 60 feet	$1,320
3. Birch Tree	Circumference: 40 inches Height: 60 feet	$1,560
4. Douglas Fir Tree	Circumference: 40 inches Height: 60 feet	$2,250

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In the week ending May 12, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$360 mfbm, which is flat from the previous week. This is up by +$9, or +2%, from one month ago when it was $351.

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Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet. The current price of lumber as of June 09, 2023 is $344.00 per thousand board feet.

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Lumber prices dropped sharply in 2022 and are expected to fall but remain above historical averages in 2023 due to higher production costs, the need for dealers to rebuild inventories, and the expectation for labor and supply constraints to continue to hamper production for the next two years.

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According to Witzeling, lumber is about 75% back to its normal prices across the board. Beyond lumber, Modern Builders also supplies other home essentials, such as doors and windows, but unlike lumber, items such as doors and windows fluctuate in cost with fuel, shipping, and labor, among others.

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First thin trees will typically go for pulp. The revenue varies depending on market conditions, but as an example, if pine pulp prices are around $8 per ton, the landowner should receive around $400-$500 per acre depending on how heavy the thinning.

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Large pine trees on average are worth $30, while logs are worth around $60 per 1000 board feet.

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Sequoia has attained the status of the most expensive wood in the world, costing up to €1500 per cubic metre. The tree, named in honour of the Cherokee chief Sequoyah, is an emblem of the United States. Its habitat is found almost exclusively in North America, more specifically on the coasts of California and Oregon.

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According to the Oregon Forest Resources Institute, Oregon is the top producer of softwood lumber, producing more than 16% of the nation's softwood. Other top-lumber producing states include: Washington. Georgia.

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Bottom logs have the most valuable wood and the most metal, like this electrical conduit with wires.

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How Much Does Lumber Cost Per Square Foot Lumber costs range from $3 – $8 per square foot. This means that the cost for lumber for framing a 2,000-square-foot house could cost $6,000 – $16,000.

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1 ton = 2,000 pounds; 1 MBF Doyle = 1,000 board feet, Doyle Log Scale. Adapted from Lee, G.S., R.C. Parker. 2003.

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Lumber prices plunged more than 60% year over year from February 2022 when futures contracts for the building product commanded more than $1,000 per thousand board feet. Rising mortgage rates and recession fears have dragged prices nearly 70% lower in the last year.

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