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Report Archive

2015

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1st Quarter 2015 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Demand for grade hardwood lumber is lower than expected. A key factor is slow exports to international markets, especially China. This is leading to buildup of inventories. Prices however remained steady this quarter.

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2nd Quarter 2015 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: The operative word this quarter is 'flat'. Prices remain flat on average for the major species. Exports have not increased as was forecast but its seems domestic hardwood lumber demand is picking up somewhat. Please note when reading these prices to take into account the number of samples. Some species in some regions have very few observations, probably skewing prices. Lets try and get more people to report. Spread the word and encourage anyone in the business to go online a report their timber sale prices.

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3rd Quarter 2015 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Prices are flat and there is hardly any sign of movement. Although the market itself seems to be picking up a little, the strong dollar is slowing the ever important export market. Another key factor is the falling lumber prices which trickle back and impact stumpage prices. Ash timber continues to be liquidated as landowners preempt invasion of the Emerald Ash Borer.

October - December 2015

2014

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1st Quarter 2014 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Sustained upward price trends are now clear over the last year. In the past few years, it’s been a lot of ups and downs with slow market progress. Post-recession, there is now plenty of timber on the market. The question is whether supply build up leads to prices leveling off.

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2nd Quarter 2014 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Prices for the 2nd quarter 2014 remained steady, albeit grade lumber demand slowed due to a sluggish housing market going into summer. Industrial timber demand remains strong. The only major shift was the drop in cherry prices in SW region. Not sure why. Probably a symptom of the survey. Remember, our survey is based off a relatively small sample of timber sales, so use the prices at your discretion - every forest is different.

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3rd Quarter 2014 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: The weather has been good this summer and so has harvesting timber, even lower quality material. There is more timber on market and mills are building inventory. Prices are strong and upward trending. Concerns loom about world markets and politics and housing construction has apparently stalled. Nevertheless exports are up, so there is industry optimism in the air.

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4th Quarter 2014 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Prices have remained fairly stable this quarter although markets are robust and cold weather has helped logging activities. Mills are trying to keep their supply balanced with demand. Markets have obviously been helped by lower energy prices but it may take some time to translate into higher stumpage prices.

2013

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4th Quarter 2013 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: This is the first quarter in a long time since I've seen sustained strong price increases. Decent weather, bulking up yard inventories, and strong export demand were key drivers. The word is that prices will stabilize as we move into 2014.

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3rd Quarter 2013 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Not much overall price movement in 3rd quarter 2013. Prices seem to be on a slow upward trend as activity picks up. This probably reflects growing demand, especially export markets, while supply is limited by sales and logger availability. We are hearing the Ash market is strong.

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2nd Quarter 2013 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: One of the interesting aspects of the price survey is when respondents add some comments. I don't get many but its seems in recent quarters quite a few people have mentioned some type of salvage harvest, pest or disease related. In terms of price trends there is no consistent pattern across species or even within a region. The western part of the state had more positive prices increases than the eastern part.

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1st Quarter 2013 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: The housing market did very well in the 1st quarter of 2013 but is experiencing a current drop in housing starts. However, the market is looking much better that a year ago. Usually PA stumpage prices lag behind housing prices but there is evidence in this quarters report of some stability, if not increases in the prices of most species. If the current market improves we should see prices begin to creep back up.

2012

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4th Quarter 2012 TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Lumber prices are bouncing back as the housing market picks up, but the stumpage and log prices are lagging a little. However, there is positive, albeit small, price increases for most of our species. As lumber demand picks up further expect mills to replenish inventories and expand production. Then prices should trickle down to the stump.

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3rd Quarter TMR is up and can be accessed by clicking the above link. Dr. Jacobson's comments: Not much change since last quarter but if since housing starts and renovations are on the rise we should start to see the market pick up. I am hearing that sales are competitive reflecting mills wanting to start stocking up for increasing demand.

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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