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Increased Demand Pushes up Many Lumber Prices
Prices of some construction framing dimension softwood lumber items pushed up, even as benchmark commodity prices stayed flat. While customers continued to be very cautious, preferring to only order wood for building projects ongoing, suppliers warned of potential looming shortages. For their part, buyers were concerned that prices might fall — despite being quite flat…
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Plywood and OSB Prices: March 2024 [video]
Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. Plywood and Oriented Strand Board prices don’t necessarily move in the same trend as dimension lumber. That’s because these panel products are used for other things besides home building; like concrete forming, infrastructure building, re-roofing and repairs after storms. Find out…
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Madison’s Lumber Prices Index March 15, 2024: US$492 mfbm
The Madison’s Lumber Prices Index for the week ending march 15, 2024 is: US$492 mfbm The Madison’s Lumber Prices Index for the week ending March 15, 2024 is: US$492 mfbmThis is up by +1%, or +$5, from the previous week when it was US$487. For information regarding the construction of this Index (species mix, weighed…
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Lumber Prices and Market Update: March 15, 2024 [video]
Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending March 8, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$452 mfbm, which is flat from the previous week. This is up by +$8, or +2%, from one month ago…
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Prices of Lumber Jump as Sales Improve
Even as true spring weather has not yet begun this year, lumber sales improved to the point that prices surpassed the levels of one year ago. Since mid-2022 when mortgage lending rates started increasing, both construction activity and lumber sales dropped somewhat. The trend line for lumber prices during last year was quite stable, as…
