Wet weather conditions continued to have an effect on log supply as quite a few mills across the region reported lower log supply due to restrictions on removing stumpage from the woods. Expectations are that this will subside as the summer months return and conditions improve. Reports are that overall sales have remained good, with the exception of lower-quality products (crossties and construction matting), and consistent export markets have kept log concentration yards busy.
The Appalachian region continues to see strong demand for ash and cherry (cherry once again increasing in price).
Job numbers reports were well above expectations in May, and though domestic demand for hardwood seems to have steadied, Chinese demand continues to increase. Though [...]
Though new home sales declined slightly in April as had been expected, projections are that sales will otherwise increase over the course of the coming [...]