Timber Market Report Archives

Each Timber Market Report reflects the stumpage and mill prices over a three-month period. The report is intended to describe general trends in the market and ignore specific timber tract variation.
Timber Market Report Archives - Articles

Updated:

2018

Timber Market Report 2018 3rd Quarter 

July - September 2018

Dr. Ray's Comments: Extremely wet weather was the unfortunate story of the third quarter 2018 in Pennsylvania. Timber prices slumped as harvest volumes tailed off; loggers struggled to find suitable sites, and what logs did come in piled up in mill yards. Coupled with the slowdown in housing starts also due to the wet conditions, the entire wood products supply chain slowed to a crawl.

In the southern half of the state, prices for all key species returned to pre-2nd quarter levels. The northern part of the state fared somewhat better; key species struggled to hold near-2nd quarter levels, with the exception of black cherry, which tailed off quite a bit.

With harvest volumes restricted in the third quarter, and the general economy remaining strong, look for timber prices to resume their upward trends in future quarters. If we experience a hard winter, both the forest floor and building sites could firm up to allow activity to resume. Logging and mill activity could ramp up to near-capacity levels as homebuilders resume filling their housing orders. 2019 looks to be a strong year for the wood products industry.

Timber Market Report 2018 2nd Quarter 

April-June 2018

Dr. Ray's Comments: Prices for key species moved strongly upwards in the second quarter of 2018. Black cherry moved up strongly in all four regions; red oak trended upward in all but the southwestern part of the state; and white oak moved up strongly in the southeastern section of the state while remaining steady in the rest of the state. Hard maple moved higher, while soft maple held steady. Contributors commented on the impact of new tariffs on foreign export markets; the impact this quarter seems to be increased prices, perhaps to beat the impact of future tariffs.

Timber Market Report 2018 1st Quarter 

January - March 2018

Dr. Jacobson's Comments: Prices remained relatively steady during the first quarter of 2018. Wet conditions in the Southeast region resulted in a low number of price reports (2) for this quarter. Contributors commented on weather conditions making it difficult to harvest this winter and concerns about foreign export markets. Penn State Extension is currently investigating the state of log exports from Pennsylvania to identify trends and how they may be influencing prices across the Commonwealth.

2017

Timber Market Report 2017 4th Quarter 

October - December 2017

Dr. Jacobson's Comments: Prices increased slightly overall this quarter across all regions. There was a noticeable decrease in black cherry prices for the Northeast region, with prices returning back to previous levels from earlier in 2017. Respondents shared concerns about growing log exports to foreign markets, specifically China. Penn State Extension recently conducted a survey of Pennsylvania forest products firms to help identify current export trends and better understand how these are impacting the market.

Timber Market Report 2017 3rd Quarter 

July - September 2017

Dr. Jacobson's Comments: Prices remained relatively steady for the 3rd Quarter of 2017. Noticeable increases in the Northeast and Northwest regions occurred for black cherry. Respondents also shared concerns over increasing log exports impacting prices in Pennsylvania.

Timber Market Report: 2017 2nd Quarter 

April - June 2017

Dr. Jacobson's Comments: Prices increased slightly in most regions after a wet and muddy 1st quarter. Black cherry prices in the Northeast and Northwest regions are up for the year and above prices from this time last year. White ash prices in the Southwest region recovered from last quarter, most likely due to a higher number of reported sales.

Timber Market Report: 2017 1st Quarter 

January - March 2017

Dr. Jacobson's Comments: Although we had a fairly mild and therefore wet and muddy winter, prices for the 1st quarter of 2017 seem to be stable. There is somewhat a of market interest in darker species as evidenced by slightly higher cherry and red oak prices and higher than normal interest in finding walnut prices. The downshift you see on the graphs is mainly due to less than normal reporting. We rely on you to make the report work, so your responses are important. This summer we plan to assess the report and the mailing list. If you have ideas for improving the reporting process or the report itself please let us know.

2016

Timber Market Report: 2016 4th Quarter 

October - December 2016

Dr. Jacobson's Comments: 2016 was one of those years with very little volatility in Pennsylvania stumpage prices - usually we see numerous ups and downs in species averages. The current pattern is a sign of market stability. One notable trend, however, is that Black Cherry prices continue to decrease slightly over time in the Northern tier. We are also hearing about a strong demand for Ash, although no price spikes are shown in the TMR. Hardwood export markets broke records in some sectors in 2016, and forecasts for 2017 indicate another strong year.

Timber Market Report: 2016 3rd Quarter 

July - September 2016

Timber Market Report: 2016 2nd Quarter 

April - June 2016

Timber Market Report: 2016 1st Quarter 

January-March 2016

2015

Timber Market Report: 2015 4th Quarter 

October - December 2015

Dr. Jacobson's comments: Prices remain flat for the most part. A big question is whether domestic demand and housing starts will pick up this spring, as exports have fallen off. Consumer spending in the U.S is showing some signs of strength but the our markets still heavily depend on exports. China's economic concerns and strong dollar influence exports. Interestingly, for the last few quarters the Black Cherry prices in NE are higher on average than the NW. I can't read into it too much but maybe signs of limited high quality Cherry availability in NW.

Timber Market Report: 2015 3rd Quarter 

July - September 2017

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.

Timber Market Report: 2015 2nd Quarter 

April - June 2015

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.

Timber Market Report: 2015 1st Quarter 

January - March 2015

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.

2014

Timber Market Report: 2014 4th Quarter 

October - December 2014

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.

Timber Market Report: 2014 3rd Quarter 

July - September 2014

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.

Timber Market Report: 2014 2nd Quarter 

April - June 2014

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.

Timber Market Report: 2014 1st Quarter 

January - March 2014

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.

2013

Timber Market Report: 2013 4th Quarter 

October - December 2013

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.

Timber Market Report: 2013 3rd Quarter 

July - September 2013

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.

Timber Market Report: 2013 2nd Quarter 

April - June 2013

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.

Timber Market Report: 2013 1st Quarter 

January - March 2013

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

Timber Market Report: 2012 4th Quarter 

October - December 2012

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.

Timber Market Report: 2012 3rd Quarter 

July - September 2012

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.

Timber Market Report: 2012 2nd Quarter 

April - June 2012

Timber Market Report: 2012 1st Quarter 

January - March 2012

2011

Timber Market Report: 2011 4th Quarter 

October - December 2011

Timber Market Report: 2011 3rd Quarter 

July - September 2011

Timber Market Report: 2011 2nd Quarter 

April - June 2011

Timber Market Report: 2011 1st Quarter 

January - March 2011

2010

Timber Market Report: 2010 4th Quarter 

October - December 2010

Timber Market Report: 2010 3rd Quarter 

July - September 2010

Timber Market Report: 2010 2nd Quarter 

April - June 2010

Timber Market Report: 2010 1st Quarter 

January - March 2010

2009

Timber Market Report: 2009 4th Quarter 

October - December 2009

Timber Market Report: 2009 3rd Quarter 

July - September 2009

Timber Market Report: 2009 2nd Quarter 

April - June 2009

Timber Market Report: 2009 1st Quarter 

January - March 2009

2008

Timber Market Report: 2008 4th Quarter 

October - December 2008

Timber Market Report: 2008 3rd Quarter 

July - September 2008

Timber Market Report: 2008 2nd Quarter 

April - June 2008

Timber Market Report: 2008 1st Quarter 

January - March 2008

2007

Timber Market Report: 2007 4th Quarter 

October - December 2007

Timber Market Report: 2007 3rd Quarter 

July - September 2007

Timber Market Report: 2007 2nd Quarter 

April - June 2007

Timber Market Report: 2007 1st Quarter 

January - March 2007

2006

Timber Market Report: 2006 4th Quarter 

October - December 2006

Timber Market Report: 2006 3rd Quarter 

July - September 2006

Timber Market Report: 2006 2nd Quarter 

April - June 2006

Timber Market Report: 2006 1st Quarter 

January - March 2006

2005

Timber Market Report: 2005 4th Quarter 

October - December 2005

Timber Market Report: 2005 3rd Quarter 

July - September 2005

Timber Market Report: 2005 2nd Quarter 

April - June 2005

Timber Market Report: 2005 1st Quarter 

January - March 2005

2004

Timber Market Report: 2004 4th Quarter 

October - December 2004

Timber Market Report: 2004 3rd Quarter 

July - September 2004

Timber Market Report: 2004 2nd Quarter 

April - June 2004

Timber Market Report: 2004 1st Quarter 

January - March 2004

2003

Timber Market Report: 2003 4th Quarter 

October - December 2003

Timber Market Report: 2003 3rd Quarter 

July - September 2003

Timber Market Report: 2003 2nd Quarter 

April - June 2003

Timber Market Report: 2003 1st Quarter 

January - March 2003

2002

Timber Market Report: 2002 4th Quarter 

October - December 2002

Timber Market Report: 2002 3rd Quarter 

July - September 2002

Timber Market Report: 2002 2nd Quarter 

April - June 2002

Timber Market Report: 2002 1st Quarter 

January - March 2002

2001

Timber Market Report: 2001 4th Quarter 

October - December 2001

Timber Market Report: 2001 3rd Quarter 

July - September 2001

Timber Market Report: 2001 2nd Quarter 

April - June 2001

Timber Market Report: 2001 1st Quarter 

January - March 2001

2000

Timber Market Report: 2000 4th Quarter 

October - December 2000

Timber Market Report: 2000 3rd Quarter 

July - September 2000

Timber Market Report: 2000 2nd Quarter 

April - June 2000

Timber Market Report: 2000 1st Quarter 

January - March 2000

1999

Timber Market Report: 1999 4th Quarter 

October - December 1999

Timber Market Report: 1999 3rd Quarter 

July - September 1999

Timber Market Report: 1999 2nd Quarter 

April - June 1999

Timber Market Report: 1999 1st Quarter 

January - March 1999

1998

Timber Market Report: 1998 4th Quarter 

October - December 1998

Timber Market Report: 1998 3rd Quarter 

July - September 1998

Timber Market Report: 1998 2nd Quarter 

April - June 1998

Timber Market Report: 1998 1st Quarter 

January - March 1998

1997

Timber Market Report: 1997 4th Quarter 

October - December 1997

Timber Market Report: 1997 3rd Quarter 

July - September 1997

Timber Market Report: 1997 2nd Quarter 

April - June 1997

Timber Market Report: 1997 1st Quarter 

January - March 1997

1996

Timber Market Report: 1996 4th Quarter 

October - December 1996

Timber Market Report: 1996 3rd Quarter 

July - September 1996

Timber Market Report: 1996 2nd Quarter 

April - June 1996

Timber Market Report: 1996 1st Quarter 

January - March 1996

1995

Timber Market Report: 1995 4th Quarter 

October - December 1995

Timber Market Report: 1995 3rd Quarter 

July - September 1995

Timber Market Report: 1995 2nd Quarter 

April - June 1995

Timber Market Report: 1995 1st Quarter 

January - March 1995

1994

Timber Market Report: 1994 4th Quarter 

October - December 1994

Timber Market Report: 1994 3rd Quarter 

July - September 1994

Timber Market Report: 1994 2nd Quarter 

April - June 1994

Timber Market Report: 1994 1st Quarter 

January - March 1994

1993

Timber Market Report: 1993 4th Quarter 

October - December 1993

Timber Market Report: 1993 3rd Quarter 

July - September 1993

Timber Market Report: 1993 2nd Quarter 

April - June 1993

Timber Market Report: 1993 1st Quarter 

January - March 1993

1992

Timber Market Report: 1992 4th Quarter 

October - December 1992

Timber Market Report: 1992 3rd Quarter 

July - September 1992

Timber Market Report: 1992 2nd Quarter 

April - June 1992

Timber Market Report: 1992 1st Quarter 

January - March 1992

Authors