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Prices of Lumber Jump as Sales Improve
Even as true spring weather has not yet begun this year, lumber sales improved to the point that prices surpassed the levels of one year ago. Since mid-2022 when mortgage lending rates started increasing, both construction activity and lumber sales dropped somewhat. The trend line for lumber prices during last year was quite stable, as…
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Madison’s Lumber Prices Index March 8, 2024: US$487 mfbm
The Madison’s Lumber Prices Index for the week ending march 8, 2024 is: US$487 mfbm The Madison’s Lumber Prices Index for the week ending March 8, 2024 is: US$487 mfbmThis is up by +0%, or +$1, from the previous week when it was US$486. For information regarding the construction of this Index (species mix, weighed…
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Lumber Prices and Market Update: March 8, 2024 [video]
Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending March 1 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$452 mfbm, which is up by +$10, or +2%, from the previous week when it was $442. This is up…
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Sales Volumes of Lumber Increase as Prices Remain Even
Actual sales of construction framing dimension softwood lumber did improve at the end of February, even as prices remained flat. Suppliers fielded good volumes of calls, many of which followed through to actual sales. Customers dropped their recent habits of buying only the wood absolutely needed for ongoing projects. As the first signs of spring…
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Madison’s Lumber Prices Index March 1, 2024: US$486 mfbm
The Madison’s Lumber Prices Index for the week ending march 1, 2024 is: US$486 mfbm The Madison’s Lumber Prices Index for the week ending March 1, 2024 is: US$486 mfbmThis is up by +2.5%, or +$12, from the previous week when it was US$474. For information regarding the construction of this Index (species mix, weighed…
