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Economist Analysis of Current Lumber Market

Economist Analysis of Current Lumber Market

Below are some cogent thoughts on the current lumber market today, from an economist at Seeking Alpha:https://seekingalpha.com/article/4291207-lumber-sits-waits-wood-follows-price-futures “Lumber is just below its midpoint for 2019“, Seeking Alpha. So far in 2019, the price of nearby lumber futures has traded on the Chicago Mercantile Exchange in a range from US$286.10 to US$453.90 per 1,000 board feet. At US$374.50 on September 12 on the nearby November contract, the price of the wood futures was a bit above the midpoint for this year…

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US Building Materials Prices: August 2019

US Building Materials Prices: August 2019

Prices paid for goods used in residential construction in the US decreased by 0.8% in August (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics, said the National Association of Home Builders Eye on Housing Tuesday. Building materials prices in the US have declined an average of 0.1% per month over the last 12 months, compared to an average monthly increase of 0.8% during the same period 2017-2018. The price of goods used…

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US Construction Jobs Openings: July 2019

US Construction Jobs Openings: July 2019

Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that US construction job openings increased in July, after a declines off a cycle high count for April, said the National Association of Home Builders Eye on Housing Tuesday. The estimated number of US job openings in the construction sector increased to 373,000 in July after reaching a post-Great Recession high of 434,000 in April. The July 2019 count of unfilled jobs represents a year-over-year gain relative to the 314,000…

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Softwood Lumber Price Movements Remain Cryptic: 3Q 2019

Softwood Lumber Price Movements Remain Cryptic: 3Q 2019

The first full back-to-work / school week for September 2019 did not bode well for North American construction framing softwood lumber prices, said Madison’s Lumber Reporter Monday.While wholesaler prices of many wood home building materials stayed flat, and there were two panel mill and one sawmill curtailment announcement, overall demand was not encouraging for an improving market before winter sets in.Due to production cuts, many operators — at sawmills and plywood and OSB producers as well — were able to…

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USA Douglas-Fir Plywood & OSB Prices *New Data Set*

USA Douglas-Fir Plywood & OSB Prices *New Data Set*

As always Madison’s Lumber Reporter is working hard to bring the best and latest information to the North American softwood lumber manufacturing industry …. today we are happy to reveal that: (prices US$ per msf. stocking wholesaler market in US Northeast / New Jersey) Madison’s Lumber Reporter has secured enough sources to be able to start carrying US construction panel (Oriented Strand Board and Douglas-Fir Plywood in various sizes) prices. For now we are still testing this latest *new softwood…

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Next Week’s Lumber Prices: Full List

Next Week’s Lumber Prices: Full List

We have been receiving so many queries, due to the non-stop epic blundering of our competition, so are releasing one-time only, and until Monday morning only, the full price list and market commentary taken from Madison’s Lumber Prices online dashboard tool: https://www.forest2market.com/madisons-lumber-reporter CLICK TO DOWNLOAD! *Limited Time Only: Until Monday Morning* The .pdfs were deleted Monday morning, contact our office for more info. Madison’s Full Softwood Lumber Price List Sept 6, 2019 CLICK TO DOWNLOAD! *Limited Time Only: Until Monday…

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US Home Price Appreciation: June 2019

US Home Price Appreciation: June 2019

National home price appreciation in the US continued to slow in June. Three metro areas, including New York, Miami and Seattle, experienced home price declines for the month. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices Thursday slowed to a 1.9% seasonally adjusted annual growth rate in June, from 2.4% in May. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index posted a 3.1% annual gain in June, down from 3.3% in May. It…

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Softwood Lumber Prices Bounce Prior to Labour Day

Softwood Lumber Prices Bounce Prior to Labour Day

“But for how long?”, asked Madison’s Lumber Reporter Tuesday as the ups-and-downs of North America construction framing softwood dimension lumber prices for 2019 remain baffling. A good look at the latest US housing starts and home sales data — coming this week from Madison’s — shows continued strong increases. Indeed, US ‘homes for sale inventories’ are decreasing steadily even as house prices push further upward. So why does the lumber market seem so soft? Keep reading to find out more:…

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Western Spruce-Pine-Fir KD 2×4 #2&btr wholesaler price this week: Up +$6 to US$376 mfbm (net FOB #sawmill)

Western Spruce-Pine-Fir KD 2×4 #2&btr wholesaler price this week: Up +$6 to US$376 mfbm (net FOB #sawmill)

Western Spruce-Pine-Fir KD 2×4 #2&btr wholesaler price this week: US$376 mfbm (net FOB #sawmill) Wholesaler price of benchmark North American #construction framing #softwood dimension #lumber item Western Spruce-Pine-Fir KD 2×4 #2&btr rebounds +1.6%, or +$6, this week: to US$376 mfbm (net FOB #sawmill) from $370 last week. #building #housing #woodhttps://madisonsreport.com/lumber-prices/