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US Housing Starts Dec 2021, Lumber Prices Jan 2022
An upward bump in US housing starts, again unusual for the season, kept the pressure on for customers to order the dimension lumber building materials they knew they would need for the looming spring construction season. New home building in the US for December 2021 exceeded the historical trend for the time of year. Indeed,…
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Lumber Market and Prices: Jan 2022, Week 3
Continued strong demand combined with restricted supply pushed prices yet higher, so in the week ending January 14, 2022 the price of benchmark lumber item Western S-P-F 2×4 #2&Btr KD (RL) rose by +$70 or +6% to US$1,170 mfbm, from $1,100 the previous week, said forest products industry price guide newsletter Madison’s Lumber Reporter. That…
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Mid-January 2022 Softwood Lumber Prices Rise Further
Unusual for the time of year but a surprise to no one, lumber prices rose further in the second week of January. Ongoing momentum of strong demand from the end of 2021 combined with significant supply constraints, most notably from the northwest especially British Columbia, served to keep prices high. Transportation issues throughout the supply…
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US Housing Starts December 2021 and Softwood Lumber Prices January 2022
Transportation issues throughout the supply chain caused a feeling of panic among softwood lumber buyers, as the usual 6-week delivery time turned into 2-months or longer. Frustration reigned with customers as the location of wood previously ordered was unknown. This problem with deliveries is due to a series of very powerful storms and massive flooding…
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Softwood Lumber Prices Pop Up to Begin 2022
Continuing significant lumber sales volumes and ongoing constraints with supply, particularly in transportation, served to drive most construction framing dimension softwood lumber prices higher in the first week of 2022. It seemed like building activity has not taken a breather for the past year and a half, as housing starts in the US and Canada…
