Tag: US house prices

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…

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…

North America construction framing dimension softwood lumber and panel prices used in Canadian and US home building. Explanation of the seasonal cycle for softwood lumber buying as well as investment the sawmills need to make for their feedstock — log supply and inventory.

Compared to the price one-year-ago, of US$402 mfbm, last week benchmark softwood lumber item Western S-P-F KD 2×4 #2&Btr was selling for US$944 mfbm which is +$542, or +135% more. Unstoppable demand over the Holiday Season pushed prices relentlessly higher, for the week ending January 8, 2021 benchmark softwood lumber commodity item Western S-P-F KD…