U.S. Softwood Lumber Production Increases in January and February While Canadian Production Declines

The latest issue of the Western Wood Products Association’s monthly Lumber Track reports that for the first two months of 2020, U.S. lumber production volume increased by 5%, when compared to the first two months of 2019. However, when comparing just the month of February 2020 to January 2020 there was a noticeable -10% decline in U.S. softwood lumber production. The result of the beginning of the COVID-19 pandemic. The Lumber Track is reporting that Canadian softwood lumber production fell by -7.8% during the first two months of 2020, when compared to the same period of time in 2019.