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Softwood Lumber Prices June 2020 & US Housing Market: 1Q 2020
According to the US Federal Housing Finance Agency’s (FHFA) most recent House Price Index (HPI), released May 25, US house prices rose in 1Q 2020, up +1.7% from 1Q 2019 and up +5.7% from one year ago.Elsewhere, according to the CoreLogic Home Price Index Report, delivered June 9, national home prices saw a year-over-year increase…
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Softwood Lumber Prices Finish Reversing Direction After Firm Uplift
Sales of Western-Spruce-Pine-Fir construction framing dimension softwood lumber in the United States took a step back last week as civil unrest around the country led to most buyers taking a circumspect approach, by sitting on whatever inventory they had. Construction in the Western portion of the US continued to ramp up, albeit more slowly, as…
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Madison’s Weekly Softwood Lumber Prices
MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “There was a constant flurry of sales and inquiry in the East, particularly for panels. Demand in the West paused due to uncertainty.” Softwood Lumber Prices updated June 9, 2020 (CLICK TABLE TO ENLARGE)
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Wood Panel Prices Will Provide Indication of Remaining Summer Lumber Demand
When times are uncertain there is one sure thing to provide insight into particulars; panel prices. Whether it be storms, fires, or otherwise, among the most-needed items in society is plywood. Given the current situation in many regions of the US, it is assured that demand for plywood and other panel sheathing is going to…
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Madison’s Weekly Lumber Price Update: Green Table
Softwood lumber buyers in North America continued to desperately cover their needs for June, while uncertainty about July-on reigned.
