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Lumber Prices Rise on Supply Constraints
The ongoing strategy of North American sawmills reducing production and curtailing manufacturing volumes succeeded in reversing the usual seasonal drop of lumber prices. As November dawned, the supply-demand balance was such that lumber sellers were able to actually increase prices somewhat. Customers have been running on lean inventories for most of this year, as macroeconomic…
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Madison’s Lumber Prices Index November 10, 2023: US$427 mfbm
The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbm The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbmThis is up by +5%, or +$21, from the previous week when it was US$406. For information regarding the construction of this Index (species mix, weighed…
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Late-Season Pop in Sales Boosts Lumber Prices
As home building and construction activity across North America slows down into winter, and demand for solid wood materials also slows, lumber prices usually start to drop. Sometimes, if there is a boost in building, there might be a late-season pop in lumber prices. That happened this year at the end of October. This is…
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The Madison’s Lumber Prices Index November 3, 2023: US$406 mfbm
The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbm The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbmThis is up by +1%, or +$4, from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed…
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Lumber Prices Flatten as Construction Season Closes
After a minor boost in recent weeks, North American construction framing dimension softwood lumber prices once again began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. For their part, sawmills kept production volumes tight to stay in line with…
