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US Housing Market and Lumber Prices Update: April 2024
The decrease in US housing starts for March marks the biggest drop in total starts since the beginning of the pandemic in April 2020. However, revisions to the two prior months added roughly 29,000 units to the previously reported tallies. Madison’s Lumber Prices Index April & US Housing Starts March: 2024 The Madison’s Lumber Prices…
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Stagnant Lumber Market Keeps Prices Flat
As mid-April arrived it seemed like the recent practice of customers holding off buying volumes of wood, making purchases for immediate needs only, was becoming an entrenched habit. Historically at this time of year the seasonal stocking up of lumber inventory would be well underway. However, given the late end to winter and recent harsh…
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Madison’s Lumber Prices Index April 19, 2024: US$444 mfbm
The Madison’s Lumber Prices Index for the week ending april 19, 2024 is: US$444 mfbm The Madison’s Lumber Prices Index for the week ending April 19, 2024 is: US$444 mfbmThis is down by -8%, or -$37, from the previous week when it was US$481. For information regarding the construction of this Index (species mix, weighed…
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Softwood Lumber Prices: Market Dynamics [video]
Gain deep understanding of the market dynamics between the three main 2×4 construction framing dimension softwood lumber prices produced and sold across North America: WSPF, ESPF, and SYP East Side. Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. Gain deep understanding of the market dynamics between the three main…
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Lumber Prices Remain Soft on Sagging Demand
Since the increase of mortgage lending rates in mid-2022, new housing construction dropped and demand for dimension softwood lumber products fell with it. At the beginning of April lumber sales volumes remained quite low, especially when considered historically for the time of year. Usually as the spring season comes on demand for wood framing materials…
