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Lumber Prices Drop in Mid-August Lull
Prices of many standard construction framing dimension softwood lumber commodities dropped somewhat as the mid-August holiday season came on. At this time of year it is normal for construction activity to slow down as folks take off for the last vacations before Labour Day long weekend and back-to-full-time-work for September. As well, the province of…
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Madison’s Lumber Prices Index: August 18, 2023
The Madison’s Lumber Prices Index for the week ending august 18, 2023 is: US$449 mfbm The Madison’s Lumber Prices Index for the week ending August 18, 2023 is: US$449 mfbmThis is up by +2.7%, or +$12, from the previous week when it was US$437. For information regarding the construction of this Index (species mix, weighed…
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Increased Production Volume Brings Drop in Lumber Prices
As August dawned it became clear that there would be no big increase in new housing construction activity this season. While demand remained reasonably stable, producers chose to increase production volumes and sell more wood rather than keeping supply tight and get prices to rise. Thus the small blip in higher lumber prices seen during…
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Madison’s Lumber Prices Index: August 11, 2023
The Madison’s Lumber Prices Index for the week ending august 11, 2023 is: US$437 mfbm The Madison’s Lumber Prices Index for the week ending August 11, 2023 is: US$437 mfbmThis is down by -6.8%, or -$32, from the previous week when it was US$469. SPECIAL ADDED BONUS GRAPH THIS WEEK: MADISON’S INDEX VS LUMBER FUTURES…
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Lumber Prices Begin to Show a Year-Long Trend
After the remarkable volatility in 2020 and 2021, the price trendline for framing softwood lumber commodities this past year is beginning to look like something understandable. In mid-2022 when the long-announced interest rate increases actually started to happen, the recent surge in new home building and construction activity started to slow. As such, lumber prices…
