Softwood Lumber Prices

A burst of increased demand in the last two weeks of August pushed up many lumber prices somewhat. The practice of customers to stick to just-in-time buying, held for the better part of the past year, created a situation of low field inventories. As construction activity continued across the continent, customers found themselves purchasing more […] The post Late-Season Demand Pushes Lumber Prices Up first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending september 1, 2023 is: US$461 mfbm The Madison’s Lumber Prices Index for the week ending September 1, 2023 is: US$461 mfbmThis is up by +0.2%, or +$1, from the previous week when it was US$460. For information regarding the construction of this Index (species mix, weighed […] The post The Madison’s Lumber Prices Index for the week ending September 1, 2023 is: US$461 mfbm first appeared on Madison’s Lumber Reporter.

Those looking for a trend line of where lumber prices are going, after these three years of severe volatility, might soon be able to glean some answers. Currently the weekly price of benchmark lumber commodity item WSPF 2×4 is close to matching that of two years ago. Looking at the top graph here on this […] The post Some Lumber Prices Rise as August Wanes first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending august 25, 2023 is: US$460 mfbm The Madison’s Lumber Prices Index for the week ending August 25, 2023 is: US$460 mfbmThis is up by +2.4%, or +$11, from the previous week when it was US$449. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: August 25, 2023 first appeared on Madison’s Lumber Reporter.

Prices of many standard construction framing dimension softwood lumber commodities dropped somewhat as the mid-August holiday season came on. At this time of year it is normal for construction activity to slow down as folks take off for the last vacations before Labour Day long weekend and back-to-full-time-work for September. As well, the province of […] The post Lumber Prices Drop in Mid-August Lull first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending august 18, 2023 is: US$449 mfbm The Madison’s Lumber Prices Index for the week ending August 18, 2023 is: US$449 mfbmThis is up by +2.7%, or +$12, from the previous week when it was US$437. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: August 18, 2023 first appeared on Madison’s Lumber Reporter.

As August dawned it became clear that there would be no big increase in new housing construction activity this season. While demand remained reasonably stable, producers chose to increase production volumes and sell more wood rather than keeping supply tight and get prices to rise. Thus the small blip in higher lumber prices seen during […] The post Increased Production Volume Brings Drop in Lumber Prices first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending august 11, 2023 is: US$437 mfbm The Madison’s Lumber Prices Index for the week ending August 11, 2023 is: US$437 mfbmThis is down by -6.8%, or -$32, from the previous week when it was US$469. SPECIAL ADDED BONUS GRAPH THIS WEEK: MADISON’S INDEX VS LUMBER FUTURES […] The post Madison’s Lumber Prices Index: August 11, 2023 first appeared on Madison’s Lumber Reporter.

After the remarkable volatility in 2020 and 2021, the price trendline for framing softwood lumber commodities this past year is beginning to look like something understandable. In mid-2022 when the long-announced interest rate increases actually started to happen, the recent surge in new home building and construction activity started to slow. As such, lumber prices […] The post Lumber Prices Begin to Show a Year-Long Trend first appeared on Madison’s Lumber Reporter.