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US Housing Market May & Softwood Lumber Prices June: 2023
US housing starts and new home sales data for May 2023 both show a turn-a-round point from the slow-down of mid-2022, when lending rates started to rise. Providing indication that the backlog of homes under construction is easing, housing completions improved considerably over the very high numbers of the past year. Total housing starts in…
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Increased Demand Rises Some Lumber Prices Slightly
It was at this time two years ago that the benchmark lumber price, of Western SPF 2x4s, reached the astronomical high of US$1,600 mfbm. This radical increase eclipsed any price level previously seen by 3X. Mayhem ensued throughout the lumber market, for suppliers and customers alike, as industry worked to adjust to this new high.…
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Madison’s Lumber Prices Index: June 23, 2023
The Madison’s Lumber Prices Index for the week ending june 23, 2023 is: US$442 mfbm The Madison’s Lumber Prices Index for the week ending June 23, 2023 is: US$442 mfbmThis is up by +5.2%, or +$22, from the previous week when it was US$420. For information regarding the construction of this Index (species mix, weighed…
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Some Lumber Prices Pop Slightly as Supplies Tighten
The beginning of June came and went with still not much increase in construction activity. While lumber sales volumes did improve somewhat, demand continued soft for the time of year. On the supply side, there was concern about the ongoing very severe wildfires in some important timber baskets of Canada, like Quebec, Alberta, and parts…
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Canada Wildfires and Lumber Prices: June 2023
view the latest video of Madison’s Lumber Reporter softwood lumber prices and market update, for mid-June 2023: In the week ending June 09, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$360 mfbm, which is flat from the previous week, said weekly forest products industry price guide…
