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Softwood Lumber Prices and Market Update: Mid-Summer 2021 (video)
SUBSCRIBE TO MADISON’S: https://madisonsreport.com/subscribe/ Lumber prices wavered slightly before falling dramatically in the past two weeks. Now that price quotes are approaching something reasonably close to what sticker-shocked customers might want to pay, sales volumes are improving. Have suppliers and buyers found the sweet spot where lumber prices will settle until the weather turns winter-like…
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MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:
Key comment: “Douglas-fir and sheet goods’ prices continued to hold on comparatively while the rest of the market cratered further.” Prices reflect week of June 17, 2021 (CLICK TABLE TO ENLARGE)
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Lumber Prices Drop as Supply Improves
The latest data from the Western Wood Products Association shows that Canadian and US softwood lumber production and sawmill capacity utilization rates improved in March. Finally! Lumber prices have been so strong in the past year in part because the huge — and sudden — increase in demand was met by supply levels struggling to…
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US Housing Starts and Lumber Prices: June 2021 (video)
For May 2021, total residential starts in the US increased by more than +50% to a 1.57 million annualized rate, from 1.05 million in the same month one year ago. Similarly showing great improvement, permits for future homebuilding in May, were up by +35%, to a rate of 1.68 million units, compared to May 2020…
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Softwood Lumber Market and Prices Update: June 2021 (video)
June 16, 2021 — Following the Victoria Day long weekend in Canada (May 24) and the Memorial Day long weekend in the US (May 31), a standoff developed between lumber suppliers and customers, thus prices were flat on almost all items. It was a “wait and see” situation; as buyers wondered if prices would go…
