What does HMR stand for?

The US hardwood industry is highly fragmented and populated by thousands of small- to medium-sized operations (French 2007, Hardwood Market Report 2011), which are located in close proximity to timber supply regions, most notably the Appalachian region (Manchester et al.

It is the same kind of information that is currently scattered through some 30 trade magazines such as Wood & Wood Products, Furniture Today, Timber Processing, Hardwood Market Report, etc.

[FIGURE 1 OMITTED] The Hardwood Market Report (2009) and Johnson (2011a) are the only sources of recent hardwood lumber consumption data.

In an effort to examine the dual impact of inflation-adjusted (real) lumber prices, as reported in the Hardwood Market Report (1979-2004), and forest composition in 1989 (USDA 2007) on regional production, a relative timber value index was developed adjusting for yield by species and log grade using data developed by Hanks et al.

Department of Labor (2006) data, was divided by hardwood lumber use by the furniture industry, according to the Hardwood Market Report (2004, 2005, 2006) for the 5-year period of 2000-2004 (the latest year for which hardwood lumber use data were available).

The published market value in the July 22, 2006 edition of the Hardwood Market Report for 1-inch thick green No.

First, an average lumber price was calculated based on the lumber grade categories (grades 1, 2, and 3) used by the sawmill and lumber price estimates published in the Hardwood Market Report, August 17, 2002 edition.

In general, sawmilling firms that subscribe to the WHR and the competing Hardwood Market Report are eastern "grade" lumber mills or mills whose primary product is boards graded using National Hardwood Lumber Association (NHLA) rules.