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US Housing Market August & Softwood Lumber Prices September: 2023
After spiking to unsustainable highs during the disruptions to society in the past couple of years, US housing starts trended further downward in August 2023. Permits for authorizations of new home building increased, however. Demand for new construction has been boosted by an ongoing acute shortage of previously owned homes on the market. Realtors estimate…
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Lumber Sales Drop as Autumn Comes On
As true autumn weather came on across the continent, construction activity started to slow down. As such, lumber sales also slowed somewhat. While there were pockets of ongoing building in several regions, elsewhere the usual seasonal slowdown had started. Given the quite stable lumber price levels through this year so far, expectations are for a…
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Madison’s Lumber Prices Index September 22, 2023 is: US$448 mfbm
The Madison’s Lumber Prices Index for the week ending September 22, 2023 is: US$448 mfbm The Madison’s Lumber Prices Index for the week ending September 22, 2023 is: US$448 mfbmThis is down by -1%, or -$4, from the previous week when it was US$452. For information regarding the construction of this Index (species mix, weighed…
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Continued Weak Field Inventories Buoy Lumber Prices
This has historically been a time for lumber prices to start dropping as the season changes to autumn. Generally speaking, construction activity starts to slow down after Labour Day. For the past year of rising interest rates and some unknowns for the housing market, lumber buyers have kept their inventories lean due to uncertainty of…
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The Madison’s Lumber Prices Index September 15, 2023 is: US$452 mfbm
The Madison’s Lumber Prices Index for the week ending September 15, 2023 is: US$452 mfbm The Madison’s Lumber Prices Index for the week ending September 15, 2023 is: US$452 mfbmThis is down by -2.4%, or -$11, from the previous week when it was US$463. For information regarding the construction of this Index (species mix, weighed…
