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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’…
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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: 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/
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Lumber Industry Hoping for Improved Sales in September
The price of benchmark lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr last week gained $4, or 1.2%, to close the week at US$346 mfbm compared to $342 the week before.
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US Housing Starts: July 2019
According to estimates from the US Housing and Urban Development and the US Commerce Department, total housing starts in the US were down -4% in July, but that decline was concentrated in the multifamily sector as forward-looking rental demand softened on gains for for-sale housing affordability.Multifamily starts (2+ unit production) were off -16% in July,…
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A Slow-Selling Lumber Market Continued Through Mid-August
Just back from Haida Gwaii and still picking the northern Sitka spruce sap out of our hair, Madison’s quotes a large-volume North America softwood lumber trader in describing this mid-summer 2019 construction framing wood demand as a “s-lumber” market. As further sawmill curtailments were announced, specifically (again) in British Columbia, many lumber-selling players literally took…
