Softwood Lumber Prices

After a minor boost in recent weeks, toward the end of October North American softwood lumber prices began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. This story originally appears in the latest print issue of Canadian Forest Industries […] The post Year-End 2023 North America Softwood Lumber Market Update first appeared on Madison’s Lumber Reporter.

The ongoing strategy of North American sawmills reducing production and curtailing manufacturing volumes succeeded in reversing the usual seasonal drop of lumber prices. As November dawned, the supply-demand balance was such that lumber sellers were able to actually increase prices somewhat. Customers have been running on lean inventories for most of this year, as macroeconomic […] The post Lumber Prices Rise on Supply Constraints first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbm The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbmThis is up by +5%, or +$21, from the previous week when it was US$406. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index November 10, 2023: US$427 mfbm first appeared on Madison’s Lumber Reporter.

As home building and construction activity across North America slows down into winter, and demand for solid wood materials also slows, lumber prices usually start to drop. Sometimes, if there is a boost in building, there might be a late-season pop in lumber prices. That happened this year at the end of October. This is […] The post Late-Season Pop in Sales Boosts Lumber Prices first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbm The Madison’s Lumber Prices Index for the week ending November 3, 2023 is: US$406 mfbmThis is up by +1%, or +$4, from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed […] The post The Madison’s Lumber Prices Index November 3, 2023: US$406 mfbm first appeared on Madison’s Lumber Reporter.

After a minor boost in recent weeks, North American construction framing dimension softwood lumber prices once again began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. For their part, sawmills kept production volumes tight to stay in line with […] The post Lumber Prices Flatten as Construction Season Closes first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 27, 2023 is: US$402 mfbm This is flat from the previous week when it was US$402. For information regarding the construction of this Index (species mix, weighed averages) please go […] The post Madison’s Lumber Prices Index October 27, 2023: US$402 mfbm first appeared on Madison’s Lumber Reporter.

US homebuilding bounced back in September 2023, after dropping in August to the lowest levels since 2020 as mortgage rates climbed. Despite elevated mortgage rates averaging above 7%, single-family starts posted a gain in September, according to the National Association of Home Builders, which says more buyers are turning to new homes because of a dearth of […] The post US Housing Market September & Softwood Lumber Prices October: 2023 first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending october 20, 2023 is: US$402 mfbm The Madison’s Lumber Prices Index for the week ending October 20, 2023 is: US$402 mfbm This is down by -2%, or -$9, from the previous week when it was US$411. For information regarding the construction of this Index (species mix, […] The post Madison’s Lumber Prices Index October 20, 2023: US$402 mfbm first appeared on Madison’s Lumber Reporter.

After three years of extreme volatility and many unknowns, North American construction framing dimension softwood lumber price trendlines started to normalize during 2023. This means that next year it will be less difficult to judge what is going with sales and prices, thus industry will be better able to plan. This stability will surely be […] The post Lumber Prices Trendline Normalizes first appeared on Madison’s Lumber Reporter.