Lumber Random from 1974, and 200 day exponential average in red.
Lumber Futures Chart, the Blue line is a Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.
Lumber Notes & Links:
7/21/2021 British Columbia declared a state of emergency as the fires snarl transportation and supply chains. Lumber futures rose. However do-it-yourself renovation demand has dropped by a reported 40% at big-box retailers. After a year of record prices the market is now struggling with bulging inventories
4/11/2021 Loggers are busier than usual and they're making progress: U.S. wood production just hit a 13-year high.
1/25/10 Canada’s lumber production fell 14% YoY.
3/26/09 Canada’s lumber production fell 23% YoY
3/3/2009 Canada’s largest lumber producer, said it would expand shutdowns of sawmills
7/24/06 The U.S. Court of International Trade ruled the U.S. illegally charged duties on Canadian lumber after NAFTA said there was no justification for them.
7/5/06 The U.S. and Canada tentatively agreed to a seven-year trade agreement for softwood lumber.
4/17/06 The World Trade Organization ruled again that U.S. duties on Canadian lumber are in violation of international trade rules.
10/6/05 A NAFTA panel told the U.S. government that its method for computing Canada's softwood subsidies is incorrect and needs revision.
05/05/05 USDA Secretary announced new rules allowing greater logging and mining in undeveloped areas of the national forest.
04/26/05 New home sales for March surged 12.2% to a new record of 1.43 mln (consensus 1.19 mln)... reflect ongoing economic strength.
03/16/05 U.S. housing starts were at an annual rate of 2.195 million in February, up .5% from January's pace. 2005 housing starts are up 15% from a year ago.
02/28/05 U.S. new home sales were at an annual rate of 1.106 million units in January, down 9% from December's pace and down 4% from January's pace a year ago.
02/25/05 U.S. existing home sales were at an annual rate of 6.80 million units in January, down from December's pace.
02/16/05 U.S. housing starts were at an annual rate of 2.16 million units in January, up 4.7% from December and up 11.6% YoY. January's figures were stronger than expected and the most starts in some 21 years.
01/03/05 U.S. construction spending was down 0.4% in November to an annual rate of $1.103 trillion, less than expected.
12/29/04 U.S. existing home sales were at an annual rate of 6.94 million units in November, up 2.7% from October's pace and a new record high. Median home prices were up 10.4% from a year ago.
12/23/04 The U.S. Commerce Department said that new home sales were at an annual rate of 1.125 million units in November, down 12% from October's pace. YoY new home sales are up 10%.
11/24/04 U.S. new home sales were at an annual rate of 1.226 million units in October. YoY new home sales are up 10%.
11/23/04 U.S. existing home sales were at an annual rate of 6.75 million units in October, down .1% from September's pace, but slightly more than expected.
10/27/04 U.S. new home sales were at an annual rate of 1.206 million units in September, up 3.5% from the pace in August. In 2004, new home sales are up 10% year over year.
10/01/04 U.S. construction spending was at a record high annual rate of $1.02 trillion in August, up .8% on the month and up 10.1% year over year.
09/01/04 U.S. construction spending was at an annual rate of $997.2 billion in July, up .4% for the month to a new record high.
08/20/04 Lumber had a strong week, closing at a new contract high, driven by strong housing demand, low interest rates, and Hurricane Charley.
05/26/04 U.S. new home sales were down 12% in April to an annual rate of 1.093 million units, the biggest drop in ten years. New home sales are still up 18% from a year ago.
05/25/04 U.S. existing home sales are up 2.5% in April to an annual rate of 6.64 million units. From a year ago, existing home sales are up 15%.