The Timber Market
Northwest Management, Inc., specializes in intensive merchandising and marketing of forest products to capture optimum value. NMI publishes this quarterly Log Market Report that summarizes log prices from a large geographic area in the Northwest.
Our Services
- Log Marketing Merchandising & Marketing of Forest Products
- Price Negotiation
- Analysis of Price Proposals
- Quarterly Log Market Report / Market Overview
Stay on Top of the Market
Northwest Management, Inc. markets their client’s forest products to mills through a competitive bidding process in order to maximize the return a landowner can expect from every sale. We at NMI take pride in our ability to provide these and other exceptional services for all our clients and landowners.
Quarterly Log Market Report
Market Summary
Lumber prices are experiencing a historic run this quarter. The framing lumber composite price is currently at an all-time high of $743, over $150 more than the previous all-time high reached in 2018. This surge in lumber prices, due to a lack of adequate supplies, has been mostly attributed to the continued strength of home center sales and the quick recovery of housing starts and construction following the Covid-19 shutdowns. However, local delivered log prices have not followed the lumber market to historic highs as mills and log buyers point to an inevitable correction. That being said, delivered log prices are very good at this time, and in fact, the highest they have been since the 3rd and 4th quarter of 2018. Doug-fir/larch, grand fir/hemlock, ponderosa pine and cedar logs and lumber are all in high demand. Tonwood prices have also risen while there appears to be an overabundance of pulp in the marketplace due to the vast amount of chips being produced by local sawmills which are typically running at full capacity.
