The forest products industry is complex and hyper-changeable. To successfully play in this universe, you need advice, data, and an overview from an unbiased, details-obsessed, independent source. Economic forecasts, lumber, timber, panels, mass timber and engineered wood products – this is FEA.
If a tree falls in the forest, we not only hear it – we follow it, analyze it and track it.
Whatever’s happening along the forest supply chain, from planting to felling to final use, we’re watching it, regionally, nationally, internationally. FEA people seek out every forestry detail, are obsessed with economics, trends and providing clients with deeply-rooted advice that informs their important decisions.
Why we’re here
We formed FEA when we recognized a need in the industry for impartial, exhaustive analysis, accessible data and customized consulting. FEA analysts come from all areas of the timber industry – when they talk, industry listens.
FEA markets our knowledge and data through analytical products that cover the forest product industry. These include Monthly Advisors and newsletters for near-term analysis, the Quarterly Forecasting Service for a longer-term outlook and an extensive historical database, as well as the industry's only comprehensive, up-to-date, mill-level capacity reports, categorized by sector.
Freddie Mac released its new Quarterly Forecast on Friday (1-21-22). The forecast is from Freddie Mac’s Chief Economist Sam Khater, who is predicting that in spite of mortgage interest rates rising, the single-family housing market in 2022 will remain stable. Khater added that rising rates will lead to moderation in homebuyer demand, slowing house price growth somewhat.
China’s imports of softwood lumber in 2021 declined by -26.2% year-over-year to 18.5 thousand m3. The value of those imports decreased by -6.2% to $4.1 billion. The average price of softwood lumber imported into China increased 27% to $222 per m3. This is according to Lesprom Analytics.
Huber Engineered Woods of Charlotte, NC submitted a revised Environmental Assessment Worksheet (EAW) on Tuesday (1-18-22) to the City of Cohasset, Minnesota. Huber is hoping to win the city’s approval to construct a 750,000 square-foot mill on about 400 acres adjacent to Minnesota Power’s Boswell Energy Center in Cohasset, which was originally announced in June of 2021.
Over the 15 months—since North America’s economies hit their pandemic-induced bottoms—much discussion in the wood products industry has centred on access to employees. Producers of solid wood products were particularly challenged to meet the demand from builders and DIYers, resulting in record-high prices for finished goods. Of course, 2020 was not just the year of the pandemic: It also saw a record number of hurricanes in the South, record fires in the West, and social unrest nationwide. What a year!
Over the past year—a large portion of which was impacted by the coronavirus—much discussion in the wood products industry has centred on access to employees. While many wood products prices soared to new highs amid solid housing starts and strong residential improvement spending, producers were challenged to meet demand from builders and DIYers. During this period of high demand and high prices for finished goods, timber prices and production levels were largely unaffected. Of course, 2020 was not just the year of the pandemic: it also saw an unprecedented number of hurricanes in the South, record fires in the West, and social unrest nationwide. What a year!
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