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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…
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US Housing Starts Aug and Lumber Prices Sept: 2021 (video)
US total housing starts for August 2021 increased by +4% to a seasonally adjusted annual rate of 1.615 million. For August 2021, total residential starts in the US shot up by +12.3% from the same month one year ago, when it was 1.416 million. Improving further over gains throughout this year, permits for future homebuilding…
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Strong Demand Continues to Push Lumber Prices Up
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…
