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US Housing Market September & Softwood Lumber Prices October: 2023
US homebuilding bounced back in September 2023, after dropping in August to the lowest levels since 2020 as mortgage rates climbed. Despite elevated mortgage rates averaging above 7%, single-family starts posted a gain in September, according to the National Association of Home Builders, which says more buyers are turning to new homes because of a dearth of…
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Madison’s Lumber Prices Index October 20, 2023: US$402 mfbm
The Madison’s Lumber Prices Index for the week ending october 20, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 20, 2023 is: US$402 mfbm This is down by -2%, or -$9, from the previous week when it was US$411. For information regarding the construction of this Index (species mix,…
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Lumber Prices Trendline Normalizes
After three years of extreme volatility and many unknowns, North American construction framing dimension softwood lumber price trendlines started to normalize during 2023. This means that next year it will be less difficult to judge what is going with sales and prices, thus industry will be better able to plan. This stability will surely be…
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Regional Demand Keeps Lumber Sales Up
Ongoing demand in various parts of the continent kept lumber sales volumes consistent, even while overall construction activity started to slow down. As winter will come on and home building will slow at the end of the year, there will be good insight to be gleaned from the lumber prices annual trend. Indeed, it may…
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The Madison’s Lumber Prices Index September 29, 2023 is: US$436 mfbm
The Madison’s Lumber Prices Index for the week ending September 29, 2023 is: US$436 mfbm The Madison’s Lumber Prices Index for the week ending September 29, 2023 is: US$436 mfbm This is down by -3%, or -$12, from the previous week when it was US$448. For information regarding the construction of this Index (species mix,…
