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Since the increase of mortgage lending rates in mid-2022, new housing construction dropped and demand for dimension softwood lumber products fell with it. After the previous two years of economic upheaval and unprecedented price highs, forest industry players and home builders alike have been looking for indication of what is the new market “normal”. Currently […] The post Soft Demand Drops Lumber Prices Slightly first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending april 5, 2024 is: US$486 mfbm The Madison’s Lumber Prices Index for the week ending April 5, 2024 is: US$486 mfbmThis is down by -1%, or -$5, from the previous week when it was US$491. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index April 5, 2024: US$486 mfbm first appeared on Madison’s Lumber Reporter.

Even as February US and Canadian housing starts data showed big increases over January and positive growth over February 2022, lumber buyers across North America remained cautious toward the end of March. Customers continued their habit of making only highly-specified orders of wood they needed for existing projects; still at this time there was no […] The post Lumber Prices Unchanged as US Housing Starts Pop first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending march 29, 2024 is: US$491 mfbm The Madison’s Lumber Prices Index for the week ending March 22, 2024 is: US$491 mfbmThis is down by -0%, or -$2, from the previous week when it was US$493. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index March 29, 2024: US$491 mfbm first appeared on Madison’s Lumber Reporter.

Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. U.S. housing starts jumped in February by more than expected. Housing starts, a measure of U.S. home building, rose +10.7% to a seasonally adjusted rate of 1.52 million.Starts were +5.9% higher than the same month last year. Residential permits, which can […] The post US Housing Starts Feb and Lumber Prices March: 2024 first appeared on Madison’s Lumber Reporter.

As winter weather is ending across most of the continent and building projects start to come back to life, many customers of construction framing dimension lumber products remain circumspect. After the great shocks of extreme price volatility from 2020 to 2022, buyers of wood remain quite cautious. Because the previously “normal” historical price trends, which […] The post Circumspect Customers Keep Lumber Prices Flat first appeared on Madison’s Lumber Reporter.

The Madison’s Lumber Prices Index for the week ending march 22, 2024 is: US$493 mfbm The Madison’s Lumber Prices Index for the week ending March 22, 2024 is: US$493 mfbmThis is up by +0%, or +$1, from the previous week when it was US$492. For information regarding the construction of this Index (species mix, weighed […] The post Madison’s Lumber Prices Index March 22, 2024: US$493 mfbm first appeared on Madison’s Lumber Reporter.

Prices of some construction framing dimension softwood lumber items pushed up, even as benchmark commodity prices stayed flat. While customers continued to be very cautious, preferring to only order wood for building projects ongoing, suppliers warned of potential looming shortages. For their part, buyers were concerned that prices might fall — despite being quite flat […] The post Increased Demand Pushes up Many Lumber Prices first appeared on Madison’s Lumber Reporter.

Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. Plywood and Oriented Strand Board prices don’t necessarily move in the same trend as dimension lumber. That’s because these panel products are used for other things besides home building; like concrete forming, infrastructure building, re-roofing and repairs after storms. Find out […] The post Plywood and OSB Prices: March 2024 first appeared on Madison’s Lumber Reporter.