North American Softwood Lumber Prices vs. US House Prices: December 2019

North American Softwood Lumber Prices vs. US House Prices: December 2019

Median US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 2016 – 2019

US house prices rose in 3Q 2019, up +1.1 per cent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), released November 26. House prices in the US rose +4.9 per cent from 3Q 2018 to 3Q 2019. FHFA’s seasonally adjusted monthly index for September was up +0.6 per cent from August.

“The wholesaler price of benchmark softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr for December 10 was unchanged from the week before, still at US$394 mfbm (net FOB sawmill; cash price, or “print”).”                     Madison’s Lumber Reporter

Average US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 2016 – 2019

The Case Shiller Home Price Index in the US reached an all-time high of 218.27 Index Points in September of 2019.

US house price appreciation inched up slightly in September with year-ago growth in the 20-city composite index rising to 2.1%, up from 2% in August, said the latest Case Shiller indices from Moody’s Analytics. In addition, year-ago growth in the 10-city composite index held steady at 1.5%. Further, growth in the national house price index increased to 3.2% from 3.1% in the previous month.

“Compared to historical trend, week of December 10, 2019 wholesaler price of benchmark softwood construction framing dimension lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr rose further; up by another +$25, or +7%, relative to the 1-year rolling average price of US$369 mfbm, and is down -$44, or -10%, relative to the 2-year rolling average price of US$438 mfbm.”          — Madison’s Lumber Reporter

2×4 Dimension Softwood Lumber Prices: Current Compared to Recent and Historical Highs, and to Historical Lows

Madison's Historical Softwood Dimension Lumber Price Comparison Table DEC 2019
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STAY AHEAD of US housing price data by getting access to softwood lumber prices. Released every Friday for that week, since 1952 Madison’s Lumber Prices is used by the forest products industry as a price guide for North American construction framing dimension softwood lumber. These are, of course, the inputs into US and Canadian home building materials.

Established in 1952, Madison’s Lumber Prices is your premiere source for North American softwood lumber news, prices, industry insight, and industry contacts. The weekly Madison’s Lumber Reporter publishes current Canadian and US construction framing dimension lumber and panel wholesaler pricing information 50 weeks a year and access to historical pricing as well.

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