Lumber Pricing Trends

As June reached it’s latter weeks, a stellar new housing construction report, for May, and continued very low inventory levels served to pop up lumber demand. Prices on many items rebounded somewhat, with specialty commodities like studs leading the charge. Customers were caught flat-footed with diminishing supply as actual building activity got into high-gear for […] The post Improved Construction Activity and Ongoing Wildfires Raise Lumber Prices first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending June 30, 2023 is: US$472 mfbm The Madison’s Lumber Prices Index for the week ending June 30, 2023 is: US$472 mfbmThis is up by +6.8%, or +$30, from the previous week when it was US$442. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: June 30, 2023 first appeared on Madison’s Lumber Reporter.

US housing starts and new home sales data for May 2023 both show a turn-a-round point from the slow-down of mid-2022, when lending rates started to rise. Providing indication that the backlog of homes under construction is easing, housing completions improved considerably over the very high numbers of the past year. Total housing starts in […] The post US Housing Market May & Softwood Lumber Prices June: 2023 first appeared on Madison’s Lumber Reporter.