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Housing starts exploded higher in November 2023, surging by nearly +15% to a 1.56 million unit annualized pace, the best reading since May and second-best in a year and a half. The new housing market remains underpinned by an acute shortage of previously owned homes available for sale. Chief economist at Comerica Bank in Dallas, […] The post US Housing Starts November & Softwood Lumber Prices December: 2023 first appeared on Madison’s Lumber Reporter.

In the final weeks of this year, the full trendline for 2023 shows some real stability for North America construction framing softwood lumber prices. Especially in comparison to the previous couple of years. Indeed, the weekly price of both benchmark Western S-P-F and Southern Yellow Pine East Side 2x4s landed almost exactly where they were […] The post Year-End 2023 Lumber Prices Match 2022 Levels first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending december 15, 2023 is: US$446 mfbm The Madison’s Lumber Prices Index for the week ending December 15, 2023 is: US$446 mfbmThis is up by +0.5%, or +$2, from the previous week when it was US$444. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index December 15, 2023: US$446 mfbm first appeared on Madison’s Lumber Reporter.

It is normal toward the end of the year, as construction activity really slows down for winter, that lumber sales and lumber prices also flatten out. After three years of incredible volatility, 2023 annual lumber price cycle seems to have returned to historical norm. Over the course of this year the price swing between highest […] The post Annual Year-End Slowdown Keeps Lumber Prices Flat first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending december 8, 2023 is: US$444 mfbm The Madison’s Lumber Prices Index for the week ending December 8, 2023 is: US$444 mfbmThis is down by -1%, or -$3, from the previous week when it was US$447. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index December 8, 2023: US$444 mfbm first appeared on Madison’s Lumber Reporter.

It is normal that the US Thanksgiving holiday marks the end of true construction season across North America, thus also lumber sales, and this year was no exception. However, given the discipline of sawmills over the past year to reduce production volumes and curtail in an effort to keep supply in line with demand, lumber […] The post Lumber Prices Rise on Ongoing Supply Constraints first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending december 1, 2023 is: US$447 mfbm The Madison’s Lumber Prices Index for the week ending December 1, 2023 is: US$447 mfbmThis is flat from the previous week when it was US$447. For information regarding the construction of this Index (species mix, weighed averages) please go here: […] The post Madison’s Lumber Prices Index December 1, 2023: US$447 mfbm first appeared on Madison’s Lumber Reporter.

As the US Thanksgiving holiday approached, which usually marks the end of significant-volume lumber sales for the year, ongoing limited supply and hungry customers kept wood prices higher. After the severe volatility of the previous couple of years, the trendline for lumber prices through 2023 was quite stable indeed. This provides sawmills with the ability […] The post Limited Supply Keeps Lumber Prices Higher first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending November 24, 2023 is: US$447 mfbm The Madison’s Lumber Prices Index for the week ending November 24, 2023 is: US$447 mfbmThis is up by +2.5%, or +$11, from the previous week when it was US$436. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index November 24, 2023: US$447 mfbm first appeared on Madison’s Lumber Reporter.

At a time of year when construction activity, thus lumber sales, are usually slowing down which generally means lumber prices drop; this year the ongoing severe supply constraints worked to pop lumber prices higher Customers continued to stick to the practice of just-in-time buying, since approximately the middle of last year, so have got caught […] The post Increased Demand Pops Up Lumber Prices first appeared on Madison’s Lumber Reporter.