Tag: NYSE: PHM

Customers remained cautious as the effects of ongoing winter weather kept construction activity low. Sellers warned of looming supply shortages in the future if everyone held off buying until they absolutely needed the wood. Sawmills and wholesalers alike were generally fielding orders highly-specified mixed loads. The large-volume, bulk purchases which usually signal the spring building…

The Madison’s Lumber Prices Index for the week ending february 23, 2024 is: US$474 mfbm The Madison’s Lumber Prices Index for the week ending February 23, 2024 is: US$474 mfbmThis is up by +1%, or +$5, from the previous week when it was US$469. For information regarding the construction of this Index (species mix, weighed…

Lumber sales remained muted into mid-February, as it seemed like many buyers were waiting on the sidelines to see what everyone else was doing. Inquiry at sawmills was good, however there was not yet much follow-through with actual sales. The forest products manufacturing industry was poised for the next home building season, but since that…

The Madison’s Lumber Prices Index for the week ending february 16, 2024 is: US$469 mfbm The Madison’s Lumber Prices Index for the week ending February 16, 2024 is: US$469 mfbmThis is up by +0%, or +$1, from the previous week when it was US$468. For information regarding the construction of this Index (species mix, weighed…

Steady take-a-way amid normal seasonally slow demand was the name of the game for January 2024 North American construction framing dimension softwood lumber sales. Prices remained essentially flat, providing much-needed stability for both the forest products manufacturing industry and home builders alike. Expectations for reasonably good housing starts numbers this year are widely acknowledged. The…