Tag: Softwood Lumber Prices

Winter weather still grips most of the continent and this is not the time of year when real estate activity in Canada and the US is usually strong, so if the data is showing such a high level of interest now it is only reasonable to assume that — come spring — home buying will…

For full-year 2020, the softwood lumber production volumes and sawmill capacity utilization rates in Canada dropped by a large degree compared to the previous year, while that in the United States remained much more stable. This latest data is very interesting because 2019 was not a great year for US housing starts and home building,…

Now reaching levels never seen before, in the week ending February 26, 2021, the price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr rose another +$28, or +3%, to US$1,040 mfbm, from $1,012 the previous week. Last week’s price is +$42, or +4%, more than one month ago when it was $998.Compared…

For the week ending February 19, 2021 North America construction framing dimension softwood lumber prices surpassed a threshold that industry veterans never imagined, in their wildest dreams, they would ever see, said weekly lumber industry price guide newsletter Madison’s Lumber Reporter. Madison’s Lumber Reporter pegged the wholesaler sales prices of benchmark softwood lumber commodity Western…

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. At a very unusual time of year, not when folks normally want to be preparing to move, sales of new single-family houses in the US for January…