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Benchmark Lumber Prices Crest Just Over Levels of One Year Ago
As this unusual year slowly wound toward a close, there were some developments which will only add more confusion and uncertainty to the construction framing solid wood marketplace. One, which is well-known, is the looming increase — to almost double what it has been since November 2020 — of the Softwood Lumber Duty on Canadian…
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US Housing Starts October and Softwood Lumber Prices November: 2021
As supply-chain disruptions increased costs, new U.S. home construction slowed down in October, driven by a drop in single-family projects. For October 2021, total residential starts in the US remained essentially flat from the previous month, at 1.520 million units. Continuing to improve as throughout this year, permits for future homebuilding in October were up…
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Lumber Prices Flat as Supply Chain Constraints Continue
After consistent — if moderate — climbs in September and October, most benchmark construction framing dimension softwood lumber prices have levelled off to match where they were one year ago, said weekly forest industry price guide Madison’s Lumber Reporter. In many ways the market dynamics are the same: constrained supply against ongoing strong demand, serious…
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After Multi-Week Rises, Most Softwood Lumber Prices Flatten
Following the absolute plummet this summer after unsustainable highs in spring, lumber prices have been recovering during September and October, said weekly softwood lumber and panel price guide Madison’s Lumber Reporter. In the week ending October 29, most construction framing dimension lumber prices flattened out, to finish the week at close to the levels of…