Is the softwood lumber supply-demand balance reaching equilibrium? We will only know in the coming weeks … check back often: SUBSCRIBE TO MADISON’S: https://madisonsreport.com/subscribe/ Compared to the price one-year-ago, when it was US$554 mfbm, for the week ending July 16, 2021, the price of Western S-P-F KD 2×4 was up by +$1. Madison’s Products: https://madisonsreport.com/products/

US housing starts for June 2021 jumped +6.3% compared to May, at a seasonally adjusted annual rate of 1.643 million. This is the highest in three months amid strong demand from buyers, elevated materials costs, and a shortage of qualified workers. US Housing Total and 1-Unit Starts June & Benchmark Softwood Lumber Prices July: 2021…

July 8, 2021 — The big drops in lumber prices which started around the dual holidays of Victoria Day in Canada and Memorial Day in the US continued for five weeks, until the dual national holidays at the beginning of July. In the following week most lumber commodity prices were essentially flat, indicating a possible…

The Association of American Railroads (AAR) reported July 7 US and Canadian rail traffic volumes for the week of July 3, 2021. For some rail traffic categories, percentage changes for the current week compared with the same week in 2020 are inflated due to the widespread shutdowns — and subsequent large reduction in rail volumes…

Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber and panel prices: After dropping a total of -52.5% from the all-time record high of US$1,600 mfbm — which had held for several weeks — this week the wholesaler price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir…

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)

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…

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…

Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber and panel prices: Big drops in lumber prices last week were not enough to satisfy the supply-demand balance, so this week the wholesaler price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr, for the week…

After crashing horribly one year ago, North American softwood lumber production and sawmill capacity utilization rates finally recovered in March 2021, according to the Western Wood Products Association. As well, railcar loadings of Canada and US forest products show improvements over the terrible lows of one year ago. Check out Madison’s products: https://madisonsreport.com/products/ Subscribe to…

US Housing Total and 1-Unit Starts May & Benchmark Softwood Lumber Prices June: 2021 The true building season has come on in Canada and the US, with the latest house construction activity showing big gains from the stark drops of one year ago when the COVID restrictions hit society. For May 2021, total residential starts…