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Some Lumber Prices Rise as August Wanes
Those looking for a trend line of where lumber prices are going, after these three years of severe volatility, might soon be able to glean some answers. Currently the weekly price of benchmark lumber commodity item WSPF 2×4 is close to matching that of two years ago. Looking at the top graph here on this…
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Madison’s Lumber Prices Index: August 25, 2023
The Madison’s Lumber Prices Index for the week ending august 25, 2023 is: US$460 mfbm The Madison’s Lumber Prices Index for the week ending August 25, 2023 is: US$460 mfbmThis is up by +2.4%, or +$11, from the previous week when it was US$449. For information regarding the construction of this Index (species mix, weighed…
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Lumber Prices Drop in Mid-August Lull
Prices of many standard construction framing dimension softwood lumber commodities dropped somewhat as the mid-August holiday season came on. At this time of year it is normal for construction activity to slow down as folks take off for the last vacations before Labour Day long weekend and back-to-full-time-work for September. As well, the province of…
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Madison’s Lumber Prices Index: August 18, 2023
The Madison’s Lumber Prices Index for the week ending august 18, 2023 is: US$449 mfbm The Madison’s Lumber Prices Index for the week ending August 18, 2023 is: US$449 mfbmThis is up by +2.7%, or +$12, from the previous week when it was US$437. For information regarding the construction of this Index (species mix, weighed…
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Increased Production Volume Brings Drop in Lumber Prices
As August dawned it became clear that there would be no big increase in new housing construction activity this season. While demand remained reasonably stable, producers chose to increase production volumes and sell more wood rather than keeping supply tight and get prices to rise. Thus the small blip in higher lumber prices seen during…
