RealEstate

The Madison’s Lumber Prices Index for the week ending July 14, 2023 is: US$494 mfbm The Madison’s Lumber Prices Index for the week ending July 14, 2023 is: US$494 mfbmThis is up by +1.6%, or +$8, from the previous week when it was US$486. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: July 14, 2023 first appeared on Madison’s Lumber Reporter.

True housing construction activity finally got going across the North American continent as the month of June closed. Many builders found themselves short of the lumber supply they would need for existing projects. While no one was yet building inventory, the availability of wood remained quite tight due to ongoing sawmill curtailments and lessened production […] The post Increased Housing Construction Activity Brings Higher Lumber Prices first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending July 07, 2023 is: US$486 mfbm The Madison’s Lumber Prices Index for the week ending July 07, 2023 is: US$486 mfbmThis is up by +1.9%, or +$9, from the previous week when it was US$477. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: July 07, 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. Total housing starts in the US for May 2023 shot up by +22% from the previous month, to 1.631 million units, compared to the 1.340 million units reported […] The post US Housing Market and Lumber Prices: June 2023 first appeared on Madison’s Lumber Reporter.

view the latest video of Madison’s Lumber Reporter softwood lumber prices and market update, for end of June 2023: In the week ending June 23, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$406 mfbm. This is up by +$16, or +4%, from the previous week when it […] The post Softwood Lumber Market Update: June 2023 first appeared on Madison’s Lumber Reporter.

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.

It was at this time two years ago that the benchmark lumber price, of Western SPF 2x4s, reached the astronomical high of US$1,600 mfbm. This radical increase eclipsed any price level previously seen by 3X. Mayhem ensued throughout the lumber market, for suppliers and customers alike, as industry worked to adjust to this new high. […] The post Increased Demand Rises Some Lumber Prices Slightly first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending june 23, 2023 is: US$442 mfbm The Madison’s Lumber Prices Index for the week ending June 23, 2023 is: US$442 mfbmThis is up by +5.2%, or +$22, from the previous week when it was US$420. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: June 23, 2023 first appeared on Madison’s Lumber Reporter.