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Astonishment Reigns Throughout Industry as Lumber Prices Go Higher
As stated in previous updates, North American construction framing dimension softwood lumber prices are reaching ever higher, to the point that the most veteran industry players can’t believe it. The Easter long weekend is usually a good indicator of where the lumber market is at; a minimum 4 days off in Canada provides understanding as…
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US Housing Starts Feb & Softwood Lumber Prices March: 2021
Most of North America remained in the grip of truly harsh winter weather last month, so it’s no surprise that February housing starts in the US continued drops seen in January. Compared to February 2020 total residential starts in the US last month fell by -9.3% to a 1.42 million annualized rate, from 1.57 in…
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Softwood Lumber Market Update: (Video) March 2021 Madison’s Lumber Reporter
It was an uneven lumber market for the week ending March 26 as print prices came in all over the place; some up, some down, and many flat. The price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr rose another +$28, or +3%, to US$1,040 mfbm, from $1,012 the previous week. Again…
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Uneven Lumber Prices as Customers Seek Alternative Items
It was an uneven lumber market for the week ending March 26 as print prices came in all over the place; some up, some down, and many flat. After waffling for a couple of weeks, the good forward indicator — as mentioned in Madison’s previous few updates— of Canadian Softwood Plywood 9.5 mm Toronto, popped…
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Lumber Prices Remain Level as the Market Digests Orders
As suggested by Madison’s in the previous two weeks, benchmark softwood lumber prices did indeed remain flat for the week ending March 19 as customers digested previous orders. However prices of less-usual grades, sizes, and species did increase. Industry players noted that the price spread between #3/Utility grade and standard-grade #2&Btr has closed remarkably; in…
