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In mid-September some big questions about what is happening with the lumber market and lumber prices were answered; when the benchmark lumber price reached the exact amount of the same week in 2023. The sales price (FOB sawmill) of Western Spruce-Pine-Fir KD 2×4 #2&Btr was US$410 mfbm, just as it was in mid-September last year.…

The enduring extremely low inventory levels of lumber throughout the supply chain served to raise prices somewhat after the seasonal turning-point of Labour Day, but demand remained tepid at best. Into the beginning of September the benchmark lumber commodity WSPF 2×4 price approached quite close to the same week last year, potentially providing indication of…

Explanation of current market conditions including details of why prices are where they are. Deeper dive into the supply-demand situation and what is happening operationally at the sawmills, to provide a forward look at expectations. Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates.The lumber market is seeing a notable…

Gain deep understanding of the market dynamics between the three main 2×4 construction framing dimension softwood lumber prices produced and sold across North America: WSPF, ESPF, and SYP East Side. Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending Sept 6, 2024, the price of Western…

Historically Labour Day has been a marker of how robust is demand for construction framing dimension softwood lumber. In times of a weak market, following this long weekend demand has been soft and prices have fallen. During times of ongoing new home building activity, demand has been strong and prices stay flat or might even…

Toward the end of August the recent increases in construction framing dimension softwood lumber prices slowed somewhat, while that of plywood and OSB did pop a little bit. Demand at sawmills and secondary suppliers increased noticeably, causing sellers to wonder if this was just a momentary blip or if higher sales volumes would carry through…

In mid-August the tide had clearly turned, as lumber purchasers were caught short on the solid wood inventory they needed for ongoing projects. Prices on many lumber commodity items again ticked upward as all players’ inquiries at sawmills increased. Subsequently order files stretched out to three weeks or longer. In addition, end-users tried to put…