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Muted Construction Activity Sends Lumber Prices Sideways
As June dawned most lumber prices stayed flat, as the long-awaited 2023 home building activity still did not materialize. Lumber producers remained well stocked with manufactured wood supply, thus customers felt no urgency to order beyond immediate needs for existing projects. Inventories in the field were reasonably robust, providing wholesalers, resellers, and other secondary suppliers…
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Madison’s Lumber Prices Index: June 09, 2023
The Madison’s Lumber Prices Index for the week ending june 09, 2023 is: US$395 mfbm The Madison’s Lumber Prices Index for the week ending June 09, 2023 is: US$395 mfbmThis is up by +1.5%, or +$6, from the previous week when it was US$389 For information regarding the construction of this Index (species mix, weighed…
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Lumber Sales Low as Nova Scotia Bursts into Flame
As May drew to a close the sales of lumber across North America remained quite low for the time of year. Wildfires in Alberta decreased somewhat but were still a huge problem, as major forest fires erupted in Nova Scotia. Sawmill operators and forest technicians alike expressed great alarm at this fierce and very early…
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Madison’s Lumber Prices Index: June 02, 2023
The Madison’s Lumber Prices Index for the week ending june 02, 2023 is: US$389 mfbm The Madison’s Lumber Prices Index for the week ending June 02, 2023 is: US$389 mfbmThis is up by +2%, or +$7, from the previous week when it was US$382 For information regarding the construction of this Index (species mix, weighed…
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Lumber Demand Remains Unseasonably Soft
Even in the middle of May the usual spring home construction did not materialize. The harsh winter was a distant memory as normal seasonal weather was upon North America, yet building activity did not increase. Whether it was concerns over macroeconomic conditions, questions about potentially low new home sales, or simply uncertainty in general; most…
