New home building and permits for the first five months of this year are up compared to January to May of 2021.
While month-over-month starts and permits are down in May compared to April, building and permits activity for the first five months of this year are up compared to January to May of 2021.
After dropping quite a bit in recent weeks, many softwood lumber prices levelled off in mid-June as a modicum of supply-demand balance seemed to have been reached.
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Over the past two years as the lumber market reacted to big changes in external conditions, there was never-before-seen high price levels and volatility.
It looks like the remarkable highs and attendant corrections down might be getting worked out, as these swings are less extreme each time.