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Lumber Prices Rebound as Confusion Continues Among Players
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages Industry players in softwood lumber products across North America questioned themselves, and each other, for understanding on what was happening with market conditions. Prices, meanwhile, climbed again. While clarity was elusive about lumber sales, and particularly prices, one thing was crystal clear: housing construction activity…
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US Home Sales Dec and Full-Year 2020 and Softwood Lumber Prices Jan 2021
Benchmark Softwood Lumber Prices Jan 2021 & US NEW Home Sales Dec 2020 New home sales in the US increased +1.6% to a seasonally adjusted annual rate of 842,000 units last month, said the latest data released by the US Commerce Department. November’s sales pace was revised down to 829,000 units from the previously reported…
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Benchmark Softwood Lumber Prices Correct Downward Significantly
The view going forward is that ongoing demand for real building projects will keep lumber prices high. Whether they will surpass the record-levels of last year remains to be seen. Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages After popping up by a sizeable degree in the first full work week of 2021,…
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US Housing Starts: December and Full-Year 2020
US Total and 1-Unit Housing Starts Dec 2020 & Benchmark Softwood Lumber Prices Jan 2021 Single-family housing permits rose +7.8% to a 1.23 million pace, the fastest since 2006 Construction climbed in three of four regions, led by a +32% surge in the Midwest, with starts in the Northeast seeing the lone decline The total…
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Most Softwood Lumber Prices Stay Flat as the Supply-Demand Balance is Reached
As mid-January 2021 came upon us, it seemed like supply and demand for softwood lumber and panel products reached an equilibrium. Almost all prices were flat, except the 2×8 sizes which dropped somewhat. Players agreed that this current lull could indicate a new level of asking prices at lumber producers and wholesalers. Field inventories with…
