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US Home Sales Sept, Lumber Prices Oct: 2022
After a pop the previous month, sales of new US single-family homes dropped again in September. There were 603,000 new single-family homes sold last month, which is down -10.9% from the downwardly revised August rate of 677,000 and is a -17.6% drop compared to September 2021 when it was 732,000. Only 6,000 new homes sold…
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North America Softwood Lumber Market Year-End Update: 2022
As the forest products industry matures into this post-Covid landscape, and the new realities of macroeconomic conditions become more clear, a better picture of cyclical lumber price trends is forming. In the past, solid wood manufacturers were able to rely on a relatively stable seasonal cycle; the beginning of slowdown after Labour Day, with lumber…
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Firmer Lumber Prices on Lowered Inventories
The beginning of November brought a slight firming up for lumber prices, due to recent sawmill curtailments — especially in British Columbia — and ongoing reasonable sales volumes. Customers found inventories in the field quite scarce thus had to come back to producers for their purchases. As the usual seasonal slowdown ihttps://madisonsreport.com/s upon us, and…
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US Housing Starts Sept, Lumber Prices Oct: 2022
Go to the websitehttps://madisonsreport.com/subscribe/to get a sample of the full 500 individual lumber and panel commodity prices for that week, as well as the market commentary explaining why the prices are changing. Total housing starts in the US for September 2022 fell -8.1% to 1.439 million units compared to the 1.566 million units reported for…
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Lumber Prices and Market Update: Oct 2022 [video]
Staying even from the previous week, in the week ending October 28, 2022, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$480 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$44, or -8%, from one month ago when it was US$524 mfbm.…
