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#madisonReporter

458 posts

Fierce Competition for Sales Drops Lumber Prices Further

With cold winter weather still a serious issue across the continent, secondary suppliers of construction framing dimension softwood lumber competed fiercely for whatever small sales volumes they could muster. As for producers, sawmills held their ground on pricing only to be met with resistance from customers. As such, prices did drop — precipitously back to […] The post Fierce Competition for Sales Drops Lumber Prices Further first appeared on Madison’s Lumber Reporter.

US Housing Starts and New Home Sales plus Lumber Prices: Jan and Feb 2023

Total housing starts in the US for January 2023 were down a little bit compared to Dec 2022, which is normal for the season. Single-family starts were also down slightly compared to Dec, but permits were almost flat. Full-year 2022 total housing starts were down only -3% compared to 2021, at 1.55 million units. Single-family […] The post US Housing Starts and New Home Sales plus Lumber Prices: Jan and Feb 2023 first appeared on Madison’s Lumber Reporter.

Ongoing Winter Weather Keeps Lumber Prices Down

As more cold and snow descended yet again across North America, construction activity remained stalled thus lumber sales were similarly slow. Those purchases which were made were generally for just-in-time buying or immediate needs; almost no one was stocking up on inventory yet for this looming spring building season. For their part, sawmills could only […] The post Ongoing Winter Weather Keeps Lumber Prices Down first appeared on Madison’s Lumber Reporter.

Plywood and OSB Prices: March 2023

REQUEST A SAMPLE of madison’s lumber reporter weekly data: https://madisonsreport.com/subscribe/ Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending March 3, 2023, the price of Canadian Softwood Plywood – 3/8 – FOB Toronto was C$678 msf, which is flat from the previous week, said weekly forest […] The post Plywood and OSB Prices: March 2023 first appeared on Madison’s Lumber Reporter.

Ample Supply Brings a Drop in Lumber Prices

At the end of February, despite a noticeable reduction in lumber manufacturing since 4Q 2022, supply was ample enough that prices dropped significantly. A fresh round of harsh winter weather, including in southern California, brought a stop to any construction activity that might still have been going on. Noting the recent waffling of price levels, […] The post Ample Supply Brings a Drop in Lumber Prices first appeared on Madison’s Lumber Reporter.

Lumber Prices and Market Update: March 2023

REQUEST A SAMPLE of madison’s lumber reporter weekly data: https://madisonsreport.com/subscribe/ Check back with the Madison’s website www.madisonsreport.com often for the latest developments and updates. In the week ending March 03, 2023, the price of WSPF 2×4 #2&Btr KD (RL) was US$400 mfbm. This is down by -$17, or -4%, from the previous week when it […] The post Lumber Prices and Market Update: March 2023 first appeared on Madison’s Lumber Reporter.

Lumber Prices Flatten as Demand Remains Weak

Ongoing harsh winter weather and ample supply of lumber inventories in the field served to keep prices stable. It seemed that only the sawmill downtime and curtailment announcements of recent weeks — and months — kept lumber prices from falling lower. The balancing act of keeping manufacturing volumes in line with demand was made even […] The post Lumber Prices Flatten as Demand Remains Weak first appeared on Madison’s Lumber Reporter.

US Housing Market January and Softwood Lumber Prices February: 2023

US housing starts and new home sales data has been released for January 2023, with the latest numbers showing an ongoing momentum of activity. In 2022 the US began building 1.55 million homes, just a -3% drop from full-year 2021. Single-family starts in 2022 totalled 1.01 million, down -10.6% from the previous year. Total housing […] The post US Housing Market January and Softwood Lumber Prices February: 2023 first appeared on Madison’s Lumber Reporter.

Random Length Lumber Futures Trading *repost*

Chicago Mercantile Exchange launched updated futures trading in August 2022 under the ticker LBR CME Group launched a new lumber futures contract on August 8, 2022. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now sized at 27,500 […] The post Random Length Lumber Futures Trading *repost* first appeared on Madison’s Lumber Reporter.

Reduced Manufacturing Volumes Push Lumber Prices Up

Despite somewhat soft demand, as many customers weren’t sure where prices were going so waited to buy, lumber prices popped up again in mid-February. This due mostly to ongoing capacity restrictions, especially in the important timber supply basket of British Columbia. As the spring building season fast approaches, end-users will not be able to wait […] The post Reduced Manufacturing Volumes Push Lumber Prices Up first appeared on Madison’s Lumber Reporter.