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Softwood Lumber Prices Come Up Off Seasonal Lows
January 2023 is well under way, and with it the usual seasonal large-volume buying by the big US home builders has begun. Because they want the wood needed for their projects on the ground before spring building activity, customers make their orders now to accommodate possibly extended delivery times. As such, it is usual for…
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US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US began building 1.55 million homes, just a -3% drop from full-year 2021. Single-family starts in 2022 totalled 1.01 million, down…
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Madison’s at NAHB International Builders’ Show 2023
Check out Madison’s Lumber Reporter speaking at the fabulous National Association of Home Builders annual event in Las Vegas next week: Jan 31 – Feb 2 I’m coming for you #IBS2023! Madison’s Lumber Reporter is so excited to be speaking at the @intlbuildersshow Jan 31. I will be sharing tips and advice about the softwood lumber…
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Some Lumber Specialty Item Prices Increase
As January 2023 got going, while hardly a big rush, there was an increase in sales — and therefore prices — of several specialty lumber items. Even benchmark WSPF 2x4s popped up a little bit, although more due to significant supply being taken offline than growing demand. There were inklings, however, that customers are making…
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Sales of Lumber Continue Slow in New Year
As a fresh, brand new year of 2023 got started, lumber sales continued with the slow momentum which ended last year. This is normal for the season, particularly given some very harsh winter weather across the continent. Winter is not usually a good time for home building and construction. Several large-volume operators, especially in British…
