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Lumber Prices Drop as Supply Improves
The latest data from the Western Wood Products Association shows that Canadian and US softwood lumber production and sawmill capacity utilization rates improved in March. Finally! Lumber prices have been so strong in the past year in part because the huge — and sudden — increase in demand was met by supply levels struggling to…
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US Housing Starts and Lumber Prices: June 2021 (video)
For May 2021, total residential starts in the US increased by more than +50% to a 1.57 million annualized rate, from 1.05 million in the same month one year ago. Similarly showing great improvement, permits for future homebuilding in May, were up by +35%, to a rate of 1.68 million units, compared to May 2020…
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Softwood Lumber Market and Prices Update: June 2021 (video)
June 16, 2021 — Following the Victoria Day long weekend in Canada (May 24) and the Memorial Day long weekend in the US (May 31), a standoff developed between lumber suppliers and customers, thus prices were flat on almost all items. It was a “wait and see” situation; as buyers wondered if prices would go…
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Madison’s Softwood Lumber Prices June 18: Sneak Preview
Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber and panel prices: Big drops in lumber prices last week were not enough to satisfy the supply-demand balance, so this week the wholesaler price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr, for the week…
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US Rail Car Loadings and Lumber Production: June 2021 (video)
After crashing horribly one year ago, North American softwood lumber production and sawmill capacity utilization rates finally recovered in March 2021, according to the Western Wood Products Association. As well, railcar loadings of Canada and US forest products show improvements over the terrible lows of one year ago. Check out Madison’s products: https://madisonsreport.com/products/ Subscribe to…
