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Madison’s Weekly Softwood Lumber Price Graphs: April 3, 2020
Western SPF: USA Tumble The economic repercussions of COVID-19 continued to unfold last week as Western Spruce-Pine-Fir purveyors in the US had a hard time securing consistent sales at anything other than crazy prices. Suppliers had wildly variable inventories of on-ground stock and spot-counters of up to $50 per thousand were not uncommon. Sawmill order…
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Softwood Lumber Producer Prices Range Widely
North American softwood lumber sawmills sold wood at a wide range of prices last week, as some refused to go lower than their price lists while others just took whatever offers they could get from reluctant buyers. Strangely, demand was not abated. It was, however, again only for highly-specified loads to fill orders wholesalers and…
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Madison’s Weekly Softwood Lumber Price Snippet Update
North American softwood lumber industry players had trouble finding business, determining volatile price levels, and shipping product, as the market tumbled further. — Madison’s Lumber Reporter
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This Week: Madison’s 12-year Anniversary Under Third Owner
Twelve years ago this week Madison’s Lumber Reporter’s second owner, Laurence Cater (Laurie) retired and I took over ownership of the company. Peter Madison started the weekly North American construction framing dimension softwood lumber price newsletter in Sept 1952, then Laurie bought it from Peter in 1973 and the two worked together for five years.…
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US Home Building, General Economy
An excellent article out of the US National Association of Home Builders this morning demonstrates well what Madison’s has been saying regarding the importance of home building and home sales for the US macroeconomy. The share of real estate activity in US GDP alone provides a strong basis to this analysis: How US Home Building…
