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Lumber Prices Tick Up Slightly Even as Demand Remains Low
At this time of year, the historical trend would normally be for lumber prices to be rising. Usually by mid-April the building activity for housing is ramping up, and sales volumes of construction framing lumber are approaching their high for the year. This year, however, is proving to be quite the exception. The biggest reason…
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Softwood Lumber Market Update: Late April 2023
view the latest video of Madison’s Lumber Reporter softwood lumber prices and market update, toward the end of April 2023: Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending April 21, 2023, the price of Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$360 mfbm, which is…
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US Housing Market March & Softwood Lumber Prices April: 2023
As macroeconomic conditions stabilize, particularly mortgage lending rates, the latest US housing starts and new home sales data, for March 2023, demonstrates a reversal of the dropping demand last year. Spring is a historically popular time for new home building and for home sales, and as good weather finally comes on across the continent, builders…
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Abundant Supply Keeps Lumber Prices Moderated
Following the Easter long weekend, demand for lumber increased somewhat however supply remained abundant. Sales to retailers increased noticeably, as weather across the continent became more seasonably mild. A reminder to all that Madison’s Lumber Reporter has been tracking Canadian Plywood and OSB (oriented strand board) prices since the beginning. This is of course in…
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Lumber Demand Remains Muted for Easter Long Weekend
What is normally considered a “litmus test” of sorts for the construction framing dimension softwood lumber market, the week leading up to the Easter holiday demonstrated still weak demand. Indications, though, were for increasing sales volumes to come, as sawmills were better able to deflect counter-offers than in recent weeks. Another bought of harsh winter…
