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Even as persistent low lumber supply and depleted inventories continued, the upcoming US Thanksgiving holiday brought the usual seasonal slowdown in purchasing. As sellers and buyers both prepared to head out for the extended long weekend, sales of construction framing dimension softwood lumber remained for immediate needs only. Some prices perked up slightly, as was […] The post Looming US Thanksgiving Holiday Brings Usual Seasonal Slowdown first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending november 29, 2024 is: US$504 mfbM The Madison’s Lumber Prices Index for the week ending November 29, 2024 is: US$504 mfbmThis is down -0%, or -$1, from the previous week when it was US$505.This is up +5%, or +$23, from one month ago when it was […] The post Madison’s Lumber Prices Index Nov 29, 2024: US$504 mfbm first appeared on Madison’s Lumber Reporter.

After a somewhat rush of demand in recent weeks, sales of most North America construction framing dimension softwood lumber items slowed slightly into mid-November. Due to ongoing restricted supply, prices continued their upward trend of the past month or so. Producers looked toward the usual seasonal Holiday downtime as they made their manufacturing plans to […] The post Lumber Supply-Demand Balance Potentially Achieved first appeared on Madison’s Lumber Reporter.

Single-family starts in the US dropped in October likely as Hurricanes Helene and Milton depressed activity in the South. Meanwhile, permits rose slightly, indicating that an anticipated rebound probably would be muted by higher mortgage rates. The Madison’s Lumber Prices Index for the week ending November 15, 2024 was US$495 mfbm. This is up +3%, […] The post US Housing Market and Lumber Prices Update: November 2024 first appeared on Madison’s Lumber Reporter.

In advance of the Remembrance Day holiday in Canada, this year a Monday so an actual long weekend, it seemed a form of supply-demand balance was reached for lumber. While benchmark Western S-P-F 2×4 prices continued to climb, Southern Yellow Pine 2x4s actually dropped. It is important to note that the run-up for SYP sales, […] The post Lumber Prices Continue Rising on Tight Supply first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending november 15, 2024 is: US$495 mfbM The Madison’s Lumber Prices Index for the week ending November 15, 2024 is: US$495 mfbmThis is up +3%, or +$14, from the previous week when it was US$481.This is up +11%, or +$50, from one month ago when it was […] The post Madison’s Lumber Prices Index Nov 15, 2024: US$495 mfbm first appeared on Madison’s Lumber Reporter.

As November dawned, the extended habit of not stocking inventory and just-in-time buying once again caught customers short of necessary wood. The resultant strength of demand — while not massive volumes — was enough to push prices up further. Sawmills, emboldened by order files which grew from two weeks to almost five weeks, were able […] The post Many Lumber Prices Rise Sharply at Unusual Time of Year first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending november 8, 2024 is: US$481 mfbM The Madison’s Lumber Prices Index for the week ending November 8, 2024 is: US$481 mfbmThis is up +4%, or +$17, from the previous week when it was US$464.This is up +10%, or +$44, from one month ago when it was […] The post Madison’s Lumber Prices Index Nov 8, 2024: US$481 mfbm first appeared on Madison’s Lumber Reporter.

Ongoing restricted supply coupled with an increase in demand popped up lumber prices during a time of year when business is usually slowing down. Industry players welcomed the more regular price movement along the usual seasonal trends, following the extreme volatility of 2020 to 2022. In this new landscape of a post-Covid world, buyers and […] The post Increased Demand Pops Up Lumber Prices first appeared on Madison’s Lumber Reporter.