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US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US began building 1.55 million homes, just a -3% drop from full-year 2021. Single-family starts in 2022 totalled 1.01 million, down…
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Some Lumber Specialty Item Prices Increase
As January 2023 got going, while hardly a big rush, there was an increase in sales — and therefore prices — of several specialty lumber items. Even benchmark WSPF 2x4s popped up a little bit, although more due to significant supply being taken offline than growing demand. There were inklings, however, that customers are making…
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Sales of Lumber Continue Slow in New Year
As a fresh, brand new year of 2023 got started, lumber sales continued with the slow momentum which ended last year. This is normal for the season, particularly given some very harsh winter weather across the continent. Winter is not usually a good time for home building and construction. Several large-volume operators, especially in British…
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Lumber Demand Drops as Year-End Looms
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages
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Year-End 2022 Lumber Prices Remain Flat
Madison’s would like to thank our excellent contacts for another great year of bringing the most accurate, up-to-date lumber market commentary and pricing data to our astute readers. We will be back January 5, 2023.In the meantime, we wish you all a safe and happy holiday season! Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly…
