Lumber Pricing Trends

A dramatic drop in multi-family starts the previous month brought total housing starts for the US in May down significantly. The latest data release, for June, shows a bounce back in multi-family starts, which was enough to drive total housing starts back up. The Madison’s Lumber Prices Index for the week ending July 12, 2024 […] The post US Housing Market and Lumber Prices Update: July 2024 first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending july 19, 2024 is: US$367 mfbm The Madison’s Lumber Prices Index for the week ending July 19, 2024 is: US$367 mfbmThis is down -0%, or -$2, from the previous week when it was US$369. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index July 19, 2024: US$367 mfbm first appeared on Madison’s Lumber Reporter.

The first week of July, with its dual Canada-US national holidays, was a continuation of the muted demand seen so far this year. Lumber manufacturers and sawmills across North America kept up their strategy of rotating curtailments to maintain lower production volumes in an effort to prevent lumber prices from falling further. For their part, […] The post Continued Soft Demand Keeps Lumber Prices Flat first appeared on Madison’s Lumber Reporter.