Softwood Lumber Prices

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.

The beginning of June came and went with still not much increase in construction activity. While lumber sales volumes did improve somewhat, demand continued soft for the time of year. On the supply side, there was concern about the ongoing very severe wildfires in some important timber baskets of Canada, like Quebec, Alberta, and parts […] The post Some Lumber Prices Pop Slightly as Supplies Tighten first appeared on Madison’s Lumber Reporter.

view the latest video of Madison’s Lumber Reporter softwood lumber prices and market update, for mid-June 2023: In the week ending June 09, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$360 mfbm, which is flat from the previous week, said weekly forest products industry price guide […] The post Canada Wildfires and Lumber Prices: June 2023 first appeared on Madison’s Lumber Reporter.

As June dawned most lumber prices stayed flat, as the long-awaited 2023 home building activity still did not materialize. Lumber producers remained well stocked with manufactured wood supply, thus customers felt no urgency to order beyond immediate needs for existing projects. Inventories in the field were reasonably robust, providing wholesalers, resellers, and other secondary suppliers […] The post Muted Construction Activity Sends Lumber Prices Sideways first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending june 09, 2023 is: US$395 mfbm The Madison’s Lumber Prices Index for the week ending June 09, 2023 is: US$395 mfbmThis is up by +1.5%, or +$6, from the previous week when it was US$389 For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: June 09, 2023 first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending june 02, 2023 is: US$389 mfbm The Madison’s Lumber Prices Index for the week ending June 02, 2023 is: US$389 mfbmThis is up by +2%, or +$7, from the previous week when it was US$382 For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index: June 02, 2023 first appeared on Madison’s Lumber Reporter.