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US Housing Starts, Permits Sept and Lumber Prices Oct: 2021 (video)
The U.S. Census Bureau and the US Department of Housing and Urban Development released October 26 new home sales and house price data for September 2021. New home sales comprise 10% of real estate activity and are considered a leading housing market indicator as they are recorded when contracts are signed. Bumping up and down…
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Softwood Lumber Prices and Market Update: Oct 2021 (video)
Buyers of Western S-P-F in the United States continued to run up against palpably limited availability. Showing surprising strength in ongoing increases when usually lumber prices are dropping, in the week ending October 22, 2021, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$630 mfbm, which is up by a remarkable +$35, or…
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Lumber Prices Continue Rising Following Canadian Thanksgiving
As explained by Madison’s Lumber Reporter many times in the past, as far as the seasonal cycle of lumber sales — thus prices — goes, normally after the Labour Day long weekend demand starts to drop and by US Thanksgiving demand reaches the annual low. This didn’t happen last year, and has not been happening…
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US Housing Starts SEPT & Softwood Lumber Prices OCT: 2021
Bumping up and down for the past few months, US total housing starts for September 2021 dropped by -1.6% to a seasonally adjusted annual rate of 1.555 million. Continuing to make year-over-year gains, for September 2021 total residential starts in the US rose by +7.4% from the same month one year ago, when it was…
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Current Lumber Price Increases Mirror One Year Ago
Similar to this time last year, when lumber prices started rising to reach what was then the all-time historical high, solid wood construction materials prices have been ticking up in the past few weeks. This is traditionally not a time for lumber prices to be increasing. The latest US housing starts and home sales and…
