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Lumber Prices Remain Soft on Sagging Demand
Since the increase of mortgage lending rates in mid-2022, new housing construction dropped and demand for dimension softwood lumber products fell with it. At the beginning of April lumber sales volumes remained quite low, especially when considered historically for the time of year. Usually as the spring season comes on demand for wood framing materials…
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Lumber Market Update: Early April 2024 [video]
Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending April 05, 2024, the price of WSPF 2×4 #2&Btr KD (RL) was US$452 mfbm, which from the previous week.That week’s price is flat from one month ago when it was $452.When compared to the same week last…
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Madison’s Lumber Prices Index April 12, 2024: US$481 mfbm
The Madison’s Lumber Prices Index for the week ending april 12, 2024 is: US$481 mfbm The Madison’s Lumber Prices Index for the week ending April 12, 2024 is: US$481 mfbmThis is down by -1%, or -$5, from the previous week when it was US$486. For information regarding the construction of this Index (species mix, weighed…
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Soft Demand Drops Lumber Prices Slightly
Since the increase of mortgage lending rates in mid-2022, new housing construction dropped and demand for dimension softwood lumber products fell with it. After the previous two years of economic upheaval and unprecedented price highs, forest industry players and home builders alike have been looking for indication of what is the new market “normal”. Currently…
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Madison’s Lumber Prices Index April 5, 2024: US$486 mfbm
The Madison’s Lumber Prices Index for the week ending april 5, 2024 is: US$486 mfbm The Madison’s Lumber Prices Index for the week ending April 5, 2024 is: US$486 mfbmThis is down by -1%, or -$5, from the previous week when it was US$491. For information regarding the construction of this Index (species mix, weighed…
