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Lumber Prices Flatten as Construction Season Closes
After a minor boost in recent weeks, North American construction framing dimension softwood lumber prices once again 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. For their part, sawmills kept production volumes tight to stay in line with…
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Madison’s Lumber Prices Index October 27, 2023: US$402 mfbm
The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm This is flat from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed averages) please go…
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US Housing Market September & Softwood Lumber Prices October: 2023
US homebuilding bounced back in September 2023, after dropping in August to the lowest levels since 2020 as mortgage rates climbed. Despite elevated mortgage rates averaging above 7%, single-family starts posted a gain in September, according to the National Association of Home Builders, which says more buyers are turning to new homes because of a dearth of…
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Madison’s Lumber Prices Index October 20, 2023: US$402 mfbm
The Madison’s Lumber Prices Index for the week ending october 20, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 20, 2023 is: US$402 mfbm This is down by -2%, or -$9, from the previous week when it was US$411. For information regarding the construction of this Index (species mix,…
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Lumber Prices Trendline Normalizes
After three years of extreme volatility and many unknowns, North American construction framing dimension softwood lumber price trendlines started to normalize during 2023. This means that next year it will be less difficult to judge what is going with sales and prices, thus industry will be better able to plan. This stability will surely be…
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Regional Demand Keeps Lumber Sales Up
Ongoing demand in various parts of the continent kept lumber sales volumes consistent, even while overall construction activity started to slow down. As winter will come on and home building will slow at the end of the year, there will be good insight to be gleaned from the lumber prices annual trend. Indeed, it may…
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The Madison’s Lumber Prices Index September 29, 2023 is: US$436 mfbm
The Madison’s Lumber Prices Index for the week ending September 29, 2023 is: US$436 mfbm The Madison’s Lumber Prices Index for the week ending September 29, 2023 is: US$436 mfbm This is down by -3%, or -$12, from the previous week when it was US$448. For information regarding the construction of this Index (species mix,…
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US Housing Market August & Softwood Lumber Prices September: 2023
After spiking to unsustainable highs during the disruptions to society in the past couple of years, US housing starts trended further downward in August 2023. Permits for authorizations of new home building increased, however. Demand for new construction has been boosted by an ongoing acute shortage of previously owned homes on the market. Realtors estimate…
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Lumber Sales Drop as Autumn Comes On
As true autumn weather came on across the continent, construction activity started to slow down. As such, lumber sales also slowed somewhat. While there were pockets of ongoing building in several regions, elsewhere the usual seasonal slowdown had started. Given the quite stable lumber price levels through this year so far, expectations are for a…
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Madison’s Lumber Prices Index September 22, 2023 is: US$448 mfbm
The Madison’s Lumber Prices Index for the week ending September 22, 2023 is: US$448 mfbm The Madison’s Lumber Prices Index for the week ending September 22, 2023 is: US$448 mfbmThis is down by -1%, or -$4, from the previous week when it was US$452. For information regarding the construction of this Index (species mix, weighed…
