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Tag: building

  • US New Home Sales, House Prices June and Softwood Lumber Prices July: 2021

    Continuing drops seen in May, sales of new US single-family homes fell in June as the median price of newly built houses softened somewhat but remained high compared to previous months and compared to one year ago. The U.S. Census Bureau and the US Department of Housing and Urban Development released July 26 new home…

  • Rebounding Benchmark Lumber Prices Indicate Ongoing Market Strength

    July 30, 2021 — In the previous week the benchmark construction framing dimension softwood lumber commodity price touched exactly where it had been one year ago, except had been on a relentless six week slide downward while in 2020 it was sharply on the way up. What does this mean for the lumber market? Last…

  • Madison’s Weekly Softwood Lumber Prices: July 30

    MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “Much of the market appeared to be putting in a bottom, but triple-digit price spreads persisted in many species.” Prices reflect week of July 30, 2021 (CLICK TABLE TO ENLARGE)

  • Lumber Prices Drop Again Even as Customers Step in to Buy

    July 23, 2021 — The latest construction framing dimension softwood lumber and panel price movement downward has been enough to motivate previously reluctant customers to start making purchases again. Other circumstances, like wildfires and extreme heat in the usual timber supply areas, are adding uncertainty to how the rest of 2021 summer is going to…

  • Lumber Purchases Improve as Prices Drop Further

    July 16, 2021 — Softwood lumber prices in mid-July 2021 touched exactly where they were one year ago, except last year they were moving up and this year they were moving down: Following a brief lull at a level US$760 mfbm for two weeks, in the week ending July 16, 2021 the wholesaler price of…