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Late-Season Pop in Sales Boosts Lumber Prices
As home building and construction activity across North America slows down into winter, and demand for solid wood materials also slows, lumber prices usually start to drop. Sometimes, if there is a boost in building, there might be a late-season pop in lumber prices. That happened this year at the end of October. This is…
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The Madison’s Lumber Prices Index November 3, 2023: US$406 mfbm
The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbm The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbmThis is up by +1%, or +$4, from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed…
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Lumber Prices Flatten as Construction Season Closes
After a minor boost in recent weeks, North American construction framing dimension softwood lumber prices once again began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. For their part, sawmills kept production volumes tight to stay in line with…
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Madison’s Lumber Prices Index October 27, 2023: US$402 mfbm
The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm This is flat from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed averages) please go…
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US Housing Market September & Softwood Lumber Prices October: 2023
US homebuilding bounced back in September 2023, after dropping in August to the lowest levels since 2020 as mortgage rates climbed. Despite elevated mortgage rates averaging above 7%, single-family starts posted a gain in September, according to the National Association of Home Builders, which says more buyers are turning to new homes because of a dearth of…
