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Madison’s Lumber Prices Index December 1, 2023: US$447 mfbm
The Madison’s Lumber Prices Index for the week ending december 1, 2023 is: US$447 mfbm The Madison’s Lumber Prices Index for the week ending December 1, 2023 is: US$447 mfbmThis is flat from the previous week when it was US$447. For information regarding the construction of this Index (species mix, weighed averages) please go here:…
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Limited Supply Keeps Lumber Prices Higher
As the US Thanksgiving holiday approached, which usually marks the end of significant-volume lumber sales for the year, ongoing limited supply and hungry customers kept wood prices higher. After the severe volatility of the previous couple of years, the trendline for lumber prices through 2023 was quite stable indeed. This provides sawmills with the ability…
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Madison’s Lumber Prices Index November 24, 2023: US$447 mfbm
The Madison’s Lumber Prices Index for the week ending November 24, 2023 is: US$447 mfbm The Madison’s Lumber Prices Index for the week ending November 24, 2023 is: US$447 mfbmThis is up by +2.5%, or +$11, from the previous week when it was US$436. For information regarding the construction of this Index (species mix, weighed…
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Increased Demand Pops Up Lumber Prices
At a time of year when construction activity, thus lumber sales, are usually slowing down which generally means lumber prices drop; this year the ongoing severe supply constraints worked to pop lumber prices higher Customers continued to stick to the practice of just-in-time buying, since approximately the middle of last year, so have got caught…
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Madison’s Lumber Prices Index November 17, 2023: US$436 mfbm
The Madison’s Lumber Prices Index for the week ending November 17, 2023 is: US$436 mfbm The Madison’s Lumber Prices Index for the week ending November 17, 2023 is: US$436 mfbmThis is up by +2%, or +$9, from the previous week when it was US$427. For information regarding the construction of this Index (species mix, weighed…
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Year-End 2023 North America Softwood Lumber Market Update
After a minor boost in recent weeks, toward the end of October North American softwood lumber prices began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. This story originally appears in the latest print issue of Canadian Forest Industries…
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Lumber Prices Rise on Supply Constraints
The ongoing strategy of North American sawmills reducing production and curtailing manufacturing volumes succeeded in reversing the usual seasonal drop of lumber prices. As November dawned, the supply-demand balance was such that lumber sellers were able to actually increase prices somewhat. Customers have been running on lean inventories for most of this year, as macroeconomic…
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Madison’s Lumber Prices Index November 10, 2023: US$427 mfbm
The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbm The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbmThis is up by +5%, or +$21, from the previous week when it was US$406. For information regarding the construction of this Index (species mix, weighed…
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Late-Season Pop in Sales Boosts Lumber Prices
As home building and construction activity across North America slows down into winter, and demand for solid wood materials also slows, lumber prices usually start to drop. Sometimes, if there is a boost in building, there might be a late-season pop in lumber prices. That happened this year at the end of October. This is…
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The Madison’s Lumber Prices Index November 3, 2023: US$406 mfbm
The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbm The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbmThis is up by +1%, or +$4, from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed…
