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Increased Housing Construction Activity Brings Higher Lumber Prices
True housing construction activity finally got going across the North American continent as the month of June closed. Many builders found themselves short of the lumber supply they would need for existing projects. While no one was yet building inventory, the availability of wood remained quite tight due to ongoing sawmill curtailments and lessened production…
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Madison’s Lumber Prices Index: July 07, 2023
The Madison’s Lumber Prices Index for the week ending July 07, 2023 is: US$486 mfbm The Madison’s Lumber Prices Index for the week ending July 07, 2023 is: US$486 mfbmThis is up by +1.9%, or +$9, from the previous week when it was US$477. For information regarding the construction of this Index (species mix, weighed…
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US Housing Market and Lumber Prices: June 2023
US housing starts and new home sales data for May 2023 both show a turn-a-round point from the slow-down of mid-2022, when lending rates started to rise. Total housing starts in the US for May 2023 shot up by +22% from the previous month, to 1.631 million units, compared to the 1.340 million units reported…
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Softwood Lumber Market Update: June 2023
view the latest video of Madison’s Lumber Reporter softwood lumber prices and market update, for end of June 2023: In the week ending June 23, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$406 mfbm. This is up by +$16, or +4%, from the previous week when it…
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Improved Construction Activity and Ongoing Wildfires Raise Lumber Prices
As June reached it’s latter weeks, a stellar new housing construction report, for May, and continued very low inventory levels served to pop up lumber demand. Prices on many items rebounded somewhat, with specialty commodities like studs leading the charge. Customers were caught flat-footed with diminishing supply as actual building activity got into high-gear for…
