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Many Lumber Prices Rise Sharply at Unusual Time of Year
As November dawned, the extended habit of not stocking inventory and just-in-time buying once again caught customers short of necessary wood. The resultant strength of demand — while not massive volumes — was enough to push prices up further. Sawmills, emboldened by order files which grew from two weeks to almost five weeks, were able…
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Madison’s Lumber Prices Index Nov 8, 2024: US$481 mfbm
The Madison’s Lumber Prices Index for the week ending november 8, 2024 is: US$481 mfbM The Madison’s Lumber Prices Index for the week ending November 8, 2024 is: US$481 mfbmThis is up +4%, or +$17, from the previous week when it was US$464.This is up +10%, or +$44, from one month ago when it was…
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Increased Demand Pops Up Lumber Prices
Ongoing restricted supply coupled with an increase in demand popped up lumber prices during a time of year when business is usually slowing down. Industry players welcomed the more regular price movement along the usual seasonal trends, following the extreme volatility of 2020 to 2022. In this new landscape of a post-Covid world, buyers and…
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Madison’s “Behind the Scenes”
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Madison’s Lumber Prices Index Nov 1, 2024: US$464 mfbm
The Madison’s Lumber Prices Index for the week ending november 1, 2024 is: US$464 mfbM The Madison’s Lumber Prices Index for the week ending November 1, 2024 is: US$464 mfbmThis is up +4%, or +$19, from the previous week when it was US$445.This is up +9%, or +$38, from one month ago when it was…
