us house inventory

The Madison’s Lumber Prices Index for the week ending june 28, 2024 is: US$384 mfbm The Madison’s Lumber Prices Index for the week ending June 28, 2024 is: US$384 mfbmThis is down -2.5%, or -$10, from the previous week when it was US$394. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 28, 2024: US$384 mfbm first appeared on Madison’s Lumber Reporter.

Since mid-2022 when interest rates, especially mortgage lending rates, starting going up home builders and lumber buyers became extremely cautious in their purchasing of manufactured wood products. In general players avoided stocking up on lumber inventory, mostly out of concern that prices might fall and they might get stuck with expensive material they would have […] The post Lack of Spring Demand Drops Lumber Prices Further first appeared on Madison’s Lumber Reporter.

In mid-2022 the Chicago Mercantile Exchange launched updated Lumber Futures trading under a new ticker. Using the same species/product mix, Madison’s created an Index tracking that same market cash prices (print). The two-year graph below shows these concurrent data sets correlate very nicely: This demonstrates a much more reliable symmetry between prices of Futures and […] The post Madison’s Softwood Lumber Prices Index vs Futures first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending june 21, 2024 is: US$394 mfbm The Madison’s Lumber Prices Index for the week ending June 21, 2024 is: US$394 mfbmThis is down -4.6%, or -$19, from the previous week when it was US$413. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 21, 2024: US$394 mfbm first appeared on Madison’s Lumber Reporter.

June dawned without the usual increase in spring demand for construction framing dimension softwood lumber, thus sellers were no longer able to hold on to the recent steady asking prices. Warnings from suppliers about extremely weak field inventories and the possibility of shortages should sales volumes increase suddenly fell on deaf ears. Customers remained extremely […] The post Ongoing Soft Demand Brings Dip in Lumber Prices first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending june 14, 2024 is: US$413 mfbm The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbmThis is down -1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 14, 2024: US$413 mfbm first appeared on Madison’s Lumber Reporter.

As May 2024 ended and true summer arrived, the usual seasonal increase in lumber sales volumes did not materialize. This meant lumber prices stayed generally flat to where they had been in the past month. Demand remained relegated strictly to immediate needs only; customers stuck to their now long-term habit of buying only the wood […] The post Uninspiring Demand Keeps Lumber Prices Flat first appeared on Madison’s Lumber Reporter.

For this book-end holiday week in Canada and the US, it is a time of year when players can usually get a gauge of how the construction framing dimension softwood lumber market is going to look as the real home building season comes on. From the way lumber sales are going, things are definitely flat. […] The post Lumber Prices Remain Flat on Balanced Supply & Demand first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending may 24, 2024 is: US$417 mfbm The Madison’s Lumber Prices Index for the week ending May 24, 2024 is: US$417 mfbmThis is up +0.2%, or +$1, from the previous week when it was US$416. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index May 24, 2024: US$417 mfbm first appeared on Madison’s Lumber Reporter.

Currently most standard construction framing dimension softwood lumber prices are close to that of one year ago. The northern species 2x4s, Western and Eastern S-P-F, are slightly higher than the end of May 2023. In the southern pine belt, Southern Yellow Pine East Side 2x4s are $100, or 22%, below this time last year. There […] The post Could This be the Lumber Price Bottom? first appeared on Madison’s Lumber Reporter.