Tag: Softwood Lumber Prices

The median sales price of new houses sold in July 2020 was US$330,600. The average sales price was US$391,300 Very few new homes sold were under US$150,000 in April 2020.  This is down from 30% in 2002.  In general, the stock of homes for sale under US$150,000 bracket is going away.     The surge in sales…

Madison’s Lumber Reporter advises North American forest products manufacturers to put on their seatbelts, as the latest housing market data indicates no stop to relentlessly rising softwood lumber prices any time soon. Currently, sawmills in Canada and the US simply can not keep up with ongoing very strong demand for house construction in both countries.…

Earlier this month very strong US housing starts data surprised everyone: Single-family housing starts in the US for July 2020 were at a rate of 983,000, as in June up +17%. The number of residential projects authorized but not yet started also advanced, to 101,000 units in July, the biggest backlog since the end of…

Here is a SNEAK PEAK at tomorrow’s print benchmark Western Spruce-Pine-Fir (WSPF) softwood lumber prices: “In a single week, softwood lumber prices increase by almost half the total price of recent lows.” — Madison’s Lumber Reporter In September 2015, the “recent-low” of lumber prices, benchmark commodity Western S-P-F KD 2x4s were selling for US$249 mfbm…

Single-family housing starts in the US for July 2020 were at a rate of 983,000, as in June up +17%. The number of residential projects authorized but not yet started also advanced, to 101,000 units in July, the biggest backlog since the end of 2018. For the week ending August 14, 2020, prices of standard…