We serve our clients by reporting accurate timber and timberland market data, as well as by providing analysis on current and historic trends and events.

     

    South-wide Stumpage Markets

    Timber prices generally increased in the 4th Quarter, despite dry weather conditions persisting in many regions throughout the South. Pulp markets improved modestly this quarter, while wood products markets generally weakened - with Southern pine lumber prices decreasing more than 10% and Southern OSB prices decreasing more than 20%.

    South-wide average stumpage prices increased for three of the five major timber products in the 4th Quarter. South-wide average pine sawtimber and pine pulpwood price both decreased marginally this quarter. Notably, prices of both pine sawtimber and pine chip-n-saw have experienced an upward shift post-COVID-19. Since the 1st Quarter of 2022, average price levels for pine sawtimber and pine chip-n-saw are up 10% and 15%, respectively, compared to average price levels from 2017-2019 prior to the onset of COVID-19.

    Click here to view the 4Q2023 Bulletin

    Stumpage Prices & Publications

    South-wide Average Stumpage Prices

    • Available here (last updated Jan 5, 2024)

    State-wide Average Stumpage Prices

    • Available here (last updated Jan 5, 2024)

    Quarterly Report Distributions

     

    In the News 4Q2023

    Two pulp mills closed this quarter: Georgia-Pacific’s Foley Cellulose in Perry, Florida, and International Paper’s Orange, Texas pulp mill.

    An estimated loss of pulp capacity in the South in 2024, with as many as 10 facilities closed since 2019, rivals a previous drop from 1997 to 2001. However, while the number of mills continued to decline from 85 in 2001 to 66 in 2023, pulpwood production in the South remained relatively stable according to the US Forest Service.

    Inflation continued to ease in the 4th Quarter, but both wood product and paper producers reported ongoing market constraints due to uncertain demand.

     

    Market Indicators

    US and global economies were moderately strong in the 4th Quarter, but manufacturers continued to report contraction.

    - Softwood lumber prices decreased further in the 4th Quarter.

    - US residential building construction YTD-November declined 10% from the same period in 2022 and improvements declined about 4% for the same period.

    - Mortgage rates decreased, with the 30-year fixed-rate averaging 6.82% in December after reaching 7.20% in September.