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A dramatic drop in multi-family starts the previous month brought total housing starts for the US in May down significantly. The latest data release, for June, shows a bounce back in multi-family starts, which was enough to drive total housing starts back up. The Madison’s Lumber Prices Index for the week ending July 12, 2024 […] The post US Housing Market and Lumber Prices Update: July 2024 first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending july 19, 2024 is: US$367 mfbm The Madison’s Lumber Prices Index for the week ending July 19, 2024 is: US$367 mfbmThis is down -0%, or -$2, from the previous week when it was US$369. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index July 19, 2024: US$367 mfbm first appeared on Madison’s Lumber Reporter.

The first week of July, with its dual Canada-US national holidays, was a continuation of the muted demand seen so far this year. Lumber manufacturers and sawmills across North America kept up their strategy of rotating curtailments to maintain lower production volumes in an effort to prevent lumber prices from falling further. For their part, […] The post Continued Soft Demand Keeps Lumber Prices Flat first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending july 12, 2024 is: US$369 mfbm The Madison’s Lumber Prices Index for the week ending July 12, 2024 is: US$369 mfbmThis is down -3%, or -$11, from the previous week when it was US$380. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index July 12, 2024: US$369 mfbm first appeared on Madison’s Lumber Reporter.

There was no notable increase in demand for lumber in advance of the dual Canada and US national holidays. Veteran players continued to shake their heads in wondering when, and/or if, there will be the usual seasonal lumber sales push at all this year. Indeed, at this time last year prices were rising. The overall […] The post Lumber Prices Drop Further on Plentiful Supply first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending july 5, 2024 is: US$380 mfbm The Madison’s Lumber Prices Index for the week ending July 5, 2024 is: US$380 mfbmThis is down -1%, or -$4, from the previous week when it was US$384. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index July 5, 2024: US$380 mfbm first appeared on Madison’s Lumber Reporter.

As the end of June loomed and the usual summer holiday slowdowns came into view, prices of many construction framing dimension softwood lumber commodities across North America dropped further. Veteran players shook their heads, questioning if the ongoing soft demand meant this year will be a write off. Lumber traders in the east, west, and […] The post Lumber Prices Go Lower as Summer Downtime Approaches first appeared on Madison’s Lumber Reporter.

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.