Tag: Softwood Lumber Prices

It was an uneven lumber market for the week ending March 26 as print prices came in all over the place; some up, some down, and many flat. After waffling for a couple of weeks, the good forward indicator — as mentioned in Madison’s previous few updates— of Canadian Softwood Plywood 9.5 mm Toronto, popped…

As suggested by Madison’s in the previous two weeks, benchmark softwood lumber prices did indeed remain flat for the week ending March 19 as customers digested previous orders. However prices of less-usual grades, sizes, and species did increase. Industry players noted that the price spread between #3/Utility grade and standard-grade #2&Btr has closed remarkably; in…

Home prices across the US surged more than +10% in December, indicating a strong demand in the housing market. According to the S&P CoreLogic Case-Shiller Indices, home prices continued the trend of accelerating that began in Summer 2020 as the coronavirus pandemic drove people from urban apartments to buy suburban homes. Softwood Lumber Prices as…

New-home purchases account for about 10% of the market and are calculated when contracts are signed. They are considered a timely barometer of the current real estate market. Sales of new single-family houses in the US for February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates released jointly by the…

As often mentioned by Madison’s, panel prices — especially Plywood but also OSB — tend to lead movement in construction framing dimension softwood lumber prices. The graph below illustrates the sharp increase in panel prices through 2020 and in 2021 so far: In the week ending March 19, 2021, the price of Canadian Softwood Plywood…