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US Housing Starts November & Softwood Lumber Prices December: 2023
Housing starts exploded higher in November 2023, surging by nearly +15% to a 1.56 million unit annualized pace, the best reading since May and second-best in a year and a half. The new housing market remains underpinned by an acute shortage of previously owned homes available for sale. Chief economist at Comerica Bank in Dallas,…
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Year-End 2023 Lumber Prices Match 2022 Levels
In the final weeks of this year, the full trendline for 2023 shows some real stability for North America construction framing softwood lumber prices. Especially in comparison to the previous couple of years. Indeed, the weekly price of both benchmark Western S-P-F and Southern Yellow Pine East Side 2x4s landed almost exactly where they were…
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Madison’s Lumber Prices Index December 15, 2023: US$446 mfbm
The Madison’s Lumber Prices Index for the week ending december 15, 2023 is: US$446 mfbm The Madison’s Lumber Prices Index for the week ending December 15, 2023 is: US$446 mfbmThis is up by +0.5%, or +$2, from the previous week when it was US$444. For information regarding the construction of this Index (species mix, weighed…
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Annual Year-End Slowdown Keeps Lumber Prices Flat
It is normal toward the end of the year, as construction activity really slows down for winter, that lumber sales and lumber prices also flatten out. After three years of incredible volatility, 2023 annual lumber price cycle seems to have returned to historical norm. Over the course of this year the price swing between highest…
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Madison’s Lumber Prices Index December 8, 2023: US$444 mfbm
The Madison’s Lumber Prices Index for the week ending december 8, 2023 is: US$444 mfbm The Madison’s Lumber Prices Index for the week ending December 8, 2023 is: US$444 mfbmThis is down by -1%, or -$3, from the previous week when it was US$447. For information regarding the construction of this Index (species mix, weighed…
