North Carolina Pine Stumpage Prices Were Up in the First Quarter of 2018
While the U.S. housing market, the primary driver of the wood product industry, is trending downward in early 2018, North Carolina pine stumpage prices across the board were up in the first quarter of 2018. TimberMart-South reported that the statewide pine saw timber prices are reported to be up by 4% from the last quarter. The largest increase (about 10%) was in Pine Chip-N-Saw. Similarly, pine pulpwood prices were up 6% from the fourth quarter of 2017. Pine pulpwood prices in Eastern North Carolina, one of the best pulpwood markets in the U.S. South, were up 6% from the last quarter. In hardwood markets, mixed hardwood sawtimber prices were up 9.3%, but hardwood pulpwood and oak sawtimber prices fell in this quarter. For more information on the 2018 first quarter stumpage prices in North Carolina, please visit: Quarterly Price Report.