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Madison’s Lumber Prices Index July 5, 2024: US$380 mfbm
Read more: Madison’s Lumber Prices Index July 5, 2024: US$380 mfbmThe Madison’s Lumber Prices Index for the week ending july 5, 2024 is: US$380 mfbm The Madison’s Lumber Prices Index for the week ending July 5, 2024 is: US$380 mfbmThis is down -1%, or -$4, from the previous week when it was US$384. For information regarding the construction of this Index (species mix, weighed averages)…
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Lumber Prices Go Lower as Summer Downtime Approaches
Read more: Lumber Prices Go Lower as Summer Downtime ApproachesAs the end of June loomed and the usual summer holiday slowdowns came into view, prices of many construction framing dimension softwood lumber commodities across North America dropped further. Veteran players shook their heads, questioning if the ongoing soft demand meant this year will be a write off. Lumber traders in the east, west, and…
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Madison’s Lumber Prices Index June 28, 2024: US$384 mfbm
Read more: Madison’s Lumber Prices Index June 28, 2024: US$384 mfbmThe Madison’s Lumber Prices Index for the week ending june 28, 2024 is: US$384 mfbm The Madison’s Lumber Prices Index for the week ending June 28, 2024 is: US$384 mfbmThis is down -2.5%, or -$10, from the previous week when it was US$394. For information regarding the construction of this Index (species mix, weighed averages)…
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Lack of Spring Demand Drops Lumber Prices Further
Read more: Lack of Spring Demand Drops Lumber Prices FurtherSince mid-2022 when interest rates, especially mortgage lending rates, starting going up home builders and lumber buyers became extremely cautious in their purchasing of manufactured wood products. In general players avoided stocking up on lumber inventory, mostly out of concern that prices might fall and they might get stuck with expensive material they would have…
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Madison’s Softwood Lumber Prices Index vs Futures
Read more: Madison’s Softwood Lumber Prices Index vs FuturesIn mid-2022 the Chicago Mercantile Exchange launched updated Lumber Futures trading under a new ticker. Using the same species/product mix, Madison’s created an Index tracking that same market cash prices (print). The two-year graph below shows these concurrent data sets correlate very nicely: This demonstrates a much more reliable symmetry between prices of Futures and…
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Madison’s Lumber Prices Index June 21, 2024: US$394 mfbm
Read more: Madison’s Lumber Prices Index June 21, 2024: US$394 mfbmThe Madison’s Lumber Prices Index for the week ending june 21, 2024 is: US$394 mfbm The Madison’s Lumber Prices Index for the week ending June 21, 2024 is: US$394 mfbmThis is down -4.6%, or -$19, from the previous week when it was US$413. For information regarding the construction of this Index (species mix, weighed averages)…
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Ongoing Soft Demand Brings Dip in Lumber Prices
Read more: Ongoing Soft Demand Brings Dip in Lumber PricesJune dawned without the usual increase in spring demand for construction framing dimension softwood lumber, thus sellers were no longer able to hold on to the recent steady asking prices. Warnings from suppliers about extremely weak field inventories and the possibility of shortages should sales volumes increase suddenly fell on deaf ears. Customers remained extremely…
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Madison’s Lumber Prices Index June 14, 2024: US$413 mfbm
Read more: Madison’s Lumber Prices Index June 14, 2024: US$413 mfbmThe Madison’s Lumber Prices Index for the week ending june 14, 2024 is: US$413 mfbm The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbmThis is down -1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages)…
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Uninspiring Demand Keeps Lumber Prices Flat
Read more: Uninspiring Demand Keeps Lumber Prices FlatAs May 2024 ended and true summer arrived, the usual seasonal increase in lumber sales volumes did not materialize. This meant lumber prices stayed generally flat to where they had been in the past month. Demand remained relegated strictly to immediate needs only; customers stuck to their now long-term habit of buying only the wood…
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Lumber Prices Remain Flat on Balanced Supply & Demand
Read more: Lumber Prices Remain Flat on Balanced Supply & DemandFor this book-end holiday week in Canada and the US, it is a time of year when players can usually get a gauge of how the construction framing dimension softwood lumber market is going to look as the real home building season comes on. From the way lumber sales are going, things are definitely flat.…
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Madison’s Lumber Prices Index May 31, 2024: US$417 mfbm
Read more: Madison’s Lumber Prices Index May 31, 2024: US$417 mfbmThe Madison’s Lumber Prices Index for the week ending may 31, 2024 is: US$417 mfbm The Madison’s Lumber Prices Index for the week ending May 31, 2024 is: US$417 mfbmThis is flat from the previous week when it was US$417. For information regarding the construction of this Index (species mix, weighed averages) please go here:…
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Could This be the Lumber Price Bottom?
Read more: Could This be the Lumber Price Bottom?Currently most standard construction framing dimension softwood lumber prices are close to that of one year ago. The northern species 2x4s, Western and Eastern S-P-F, are slightly higher than the end of May 2023. In the southern pine belt, Southern Yellow Pine East Side 2x4s are $100, or 22%, below this time last year. There…
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Madison’s Lumber Prices Index May 24, 2024: US$417 mfbm
Read more: Madison’s Lumber Prices Index May 24, 2024: US$417 mfbmThe Madison’s Lumber Prices Index for the week ending may 24, 2024 is: US$417 mfbm The Madison’s Lumber Prices Index for the week ending May 24, 2024 is: US$417 mfbmThis is up +0.2%, or +$1, from the previous week when it was US$416. For information regarding the construction of this Index (species mix, weighed averages)…
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Lumber Prices at Same Level as One-Year-Ago
Read more: Lumber Prices at Same Level as One-Year-AgoThe big question among forest products industry and home building players has been: where will lumber prices land after all the disruptions to business of the past four years? One thing that provides a good indication is that most housing construction lumber prices are currently at or very close to the levels of May 2023.…
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Madison’s Lumber Prices Index May 17, 2024: US$416 mfbm
Read more: Madison’s Lumber Prices Index May 17, 2024: US$416 mfbmThe Madison’s Lumber Prices Index for the week ending may 17, 2024 is: US$416 mfbm The Madison’s Lumber Prices Index for the week ending May 17, 2024 is: US$416 mfbmThis is down by -0.2%, or -$1, from the previous week when it was US$415. For information regarding the construction of this Index (species mix, weighed…
