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US Construction Spending: May 2020
Outlays for construction projects in the US fell -2.1% in May at a seasonally adjusted annual rate of US$1.36 trillion, the Commerce Department reported Wednesday. Residential construction fell -3.9% in May, while spending on public construction projects rose +1.2%. Spending in April was revised to a -3.5% fall from the prior estimate of a -2.9%…
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US New and Existing Home Sales: May 2020
New Single-Family Sales Up +13% Compared to May 2019 Sales of new single-family homes in the United States jumped +17% month-over-month to an annualized rate of 676 thousand in May of 2020. However, data for April was revised sharply lower to 580 thousand, from 623 thousand. Still, May’s figure is the highest in three months.…
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Dimension Softwood Lumber Prices Big Rise, Following Plywood Last Week
The big surge in plywood prices of two weeks ago “Plywood Prices’ Major Surge While Most Softwood Lumber Prices Moderate”, was followed last week by a spike in most softwood lumber commodity prices.As Madison’s detailed in that post last week, “A spike in demand, whether for immediate repair needs or longer-term rebuilding, for Plywood and…
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Madison’s Weekly Softwood Lumber Prices Snapshot
Prices updated June 26, 2020 (CLICK TABLE TO ENLARGE) Key comment: “Plywood continued to lead the charge as virtually every solid wood commodity advanced in price again last week.”
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Madison’s Western S-P-F Lumber Prices June 26, sneak preview
The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing tomorrow morning (Friday) Eastern time. Here is a SNEAK PEAK at benchmark Western Spruce-Pine-Fir (WSPF) prices:Bouncing spectacularly as customers have trouble finding supplies of the wood they need, the wholesaler price of benchmark softwood lumber item Western…
