Month: March 2023
255 posts
Ample Supply Brings a Drop in Lumber Prices
At the end of February, despite a noticeable reduction in lumber manufacturing since 4Q 2022, supply was ample enough that prices dropped significantly. A fresh round of harsh winter weather, including in southern California, brought a stop to any construction activity that might still have been going on. Noting the recent waffling of price levels, […]
The post Ample Supply Brings a Drop in Lumber Prices first appeared on Madison’s Lumber Reporter.
Lumber Prices and Market Update: March 2023
REQUEST A SAMPLE of madison’s lumber reporter weekly data: https://madisonsreport.com/subscribe/ Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending March 03, 2023, the price of WSPF 2×4 #2&Btr KD (RL) was US$400 mfbm. This is down by -$17, or -4%, from the previous week when it […]
The post Lumber Prices and Market Update: March 2023 first appeared on Madison’s Lumber Reporter.
Lumber Prices Flatten as Demand Remains Weak
Ongoing harsh winter weather and ample supply of lumber inventories in the field served to keep prices stable. It seemed that only the sawmill downtime and curtailment announcements of recent weeks — and months — kept lumber prices from falling lower. The balancing act of keeping manufacturing volumes in line with demand was made even […]
The post Lumber Prices Flatten as Demand Remains Weak first appeared on Madison’s Lumber Reporter.
US Housing Market January and Softwood Lumber Prices February: 2023
US housing starts and new home sales data has been released for January 2023, with the latest numbers showing an ongoing momentum of activity. 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 -10.6% from the previous year. Total housing […]
The post US Housing Market January and Softwood Lumber Prices February: 2023 first appeared on Madison’s Lumber Reporter.
Random Length Lumber Futures Trading *repost*
Chicago Mercantile Exchange launched updated futures trading in August 2022 under the ticker LBR CME Group launched a new lumber futures contract on August 8, 2022. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now sized at 27,500 […]
The post Random Length Lumber Futures Trading *repost* first appeared on Madison’s Lumber Reporter.
