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Lumber Prices Begin to Show a Year-Long Trend
After the remarkable volatility in 2020 and 2021, the price trendline for framing softwood lumber commodities this past year is beginning to look like something understandable. In mid-2022 when the long-announced interest rate increases actually started to happen, the recent surge in new home building and construction activity started to slow. As such, lumber prices…
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Madison’s Lumber Prices Index: August 4, 2023
The Madison’s Lumber Prices Index for the week ending august 4, 2023 is: US$469 mfbm The Madison’s Lumber Prices Index for the week ending August 4, 2023 is: US$469 mfbmThis is down by -5.4%, or -$27, from the previous week when it was US$496. For information regarding the construction of this Index (species mix, weighed…
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As July Wanes, Lumber Prices Flatten
With the annual home building season well under way, most construction framing softwood lumber prices flattened out toward the end of July. Prices have crested at what could well become the “new normal”, which those interested in the forestry and sawmilling industries have been asking about for the past couple of years. Certainly those incredible…
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Madison’s Lumber Prices Index: July 28, 2023
The Madison’s Lumber Prices Index for the week ending July 28, 2023 is: US$496 mfbm The Madison’s Lumber Prices Index for the week ending July 28, 2023 is: US$496 mfbmThis is down by -0.4%, or -$2, from the previous week when it was US$498. For information regarding the construction of this Index (species mix, weighed…
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Increased Housing Construction Activity Brings Higher Lumber Prices
True housing construction activity finally got going across the North American continent as the month of June closed. Many builders found themselves short of the lumber supply they would need for existing projects. While no one was yet building inventory, the availability of wood remained quite tight due to ongoing sawmill curtailments and lessened production…
