Timber Update October 2020

15th October 2020

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This month, Glenigan reports positive trends for the construction industry post the lockdown period. Every quarter, Glenigan produces a Construction Review which looks at and reports on planning approvals and construction activity over the previous quarter. September’s report identifies positive trends in activity as the industry has emerged from lockdown, including restarted projects and new projects progressing to site.

To read the full article, click here.

Timber Market Update

  • Supply still remains tight for many products, with C24, CLS, TR26, Formwork and many fencing sizes still on extended lead-times.
  • The Irish sawmilling sector is still being affected by log availability due to the recent issues with felling licence applications. It has been reported the issue with the licences has been resolved but the impact of the backlog will be seen for the rest of the year.
  • A recent National Association of Home Builders report suggests that the current spike in softwood lumber prices has caused the price of an average American new single-family home to increase by $16,148 since April 17. Similarly, the price of the average new multifamily home has increased by $6,107 in extra timber cost alone. Another article also published in the USA reports on how this is pricing home-owners and builders out of the market. There are early signs though that the price has stabilised, albeit at record levels.
  • The Timber Trade Federation (TTF) recently published an interactive ‘Due Diligence Toolkit’ to help with the change in obligations required from January 2021 as we transition from the EU Timber Regulation (EUTR) to UK Timber Regulation (UKTR).

To access the TTF 'Due Diligence Toolkit', click here.

Composite Prime Rewards Scheme

We are excited to be supporting our composite decking manufacturer, Composite Prime, in their new rewards scheme. From an Amazon Echo Dot to a Weber Mountain Cooker, the scheme gives our stockists and their customers a chance to win some amazing prizes each month!

To find out what prizes are on offer and how you can get involved, click here.

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