RealEstate

After a pop the previous month, sales of new US single-family homes dropped again in September. There were 603,000 new single-family homes sold last month, which is down -10.9% from the downwardly revised August rate of 677,000 and is a -17.6% drop compared to September 2021 when it was 732,000. Only 6,000 new homes sold […]

The beginning of November brought a slight firming up for lumber prices, due to recent sawmill curtailments — especially in British Columbia — and ongoing reasonable sales volumes. Customers found inventories in the field quite scarce thus had to come back to producers for their purchases. As the usual seasonal slowdown ihttps://madisonsreport.com/s upon us, and […]

Go to the websitehttps://madisonsreport.com/subscribe/to get a sample of the full 500 individual lumber and panel commodity prices for that week, as well as the market commentary explaining why the prices are changing. Total housing starts in the US for September 2022 fell -8.1% to 1.439 million units compared to the 1.566 million units reported for […]

Staying even from the previous week, in the week ending October 28, 2022, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$480 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$44, or -8%, from one month ago when it was US$524 mfbm. […]

As October drew to a close, significant production curtailments at several large British Columbia lumber producers helped keep softwood lumber prices flat. Most of these operators cited high log costs vs lower lumber prices as the reason for taking this downtime. Meanwhile, it seemed that Weyerhaueser and the union came to an agreement, so the […]

An early view of what Madison’s Lumber Reporter subscribers will see tonight when the 500 individual softwood lumber and panel commodity prices are updated in our dashboard: This small bump up in benchmark Western S-P-F KD 2×4 and 2×6 #2&Btr during a time of year when construction and building is usually slowing down — thus […]

Into the latter weeks of October, mild weather in many of the densely-populated areas of the US provided the opportunity for an increase in construction activity. As such, demand for dimension lumber and other solid wood building materials brought a bump up in lumber prices, due to limited supply in the field. Sawmills and wholesalers […]

After a strong showing in the first half of this year, US housing starts and US new home sales for September 2022 dropped, reversing a small recovery seen in August. While it is true that a slow-down is apparent in both construction and home buying activity, it is important to note that new building activity […]

The normal seasonal slowdown for construction and building activity in autumn brings a drop in lumber prices. However it is unknown how much impact rebuilding after the recent very severe storms along the east coast of North America, both on the Canadian Atlantic provinces and for the US south, will have on looming lumber demand […]