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US Housing Market March & Softwood Lumber Prices April: 2023

As macroeconomic conditions stabilize, particularly mortgage lending rates, the latest US housing starts and new home sales data, for March 2023, demonstrates a reversal of the dropping demand last year. Spring is a historically popular time for new home building and...

Abundant Supply Keeps Lumber Prices Moderated

Following the Easter long weekend, demand for lumber increased somewhat however supply remained abundant. Sales to retailers increased noticeably, as weather across the continent became more seasonably mild. A reminder to all that Madison’s Lumber Reporter has been...

Lumber Demand Remains Muted for Easter Long Weekend

What is normally considered a “litmus test” of sorts for the construction framing dimension softwood lumber market, the week leading up to the Easter holiday demonstrated still weak demand. Indications, though, were for increasing sales volumes to come, as sawmills...

Madison’s Sawmill Curtailment Lookout: March 2023

Have you signed up for a subscription to the FABULOUS *new* Madison’s Sawmill Curtailment Lookout? Don’t miss out! Your colleagues already have access to this vital and important timely information. With Madison’s Sawmill Lookout you will save time and money by...

Soft Demand Brings Lower Lumber Prices

Lumber prices dropped yet again at the end of March, as demand remained soft and customers skeptical. While sawmills were able to book order files out two weeks or longer, most buying remained just-in-time. Almost no one was stocking inventory, which is a bit odd...

Strengthening Sawmill Order Files Push Lumber Prices Up

Into the end of March markedly improved weather across the continent perked up demand for lumber, pushing out sawmill order files to almost a month. As such, suppliers were able to boost prices higher. The annual spring break brought a noticeable absence of players,...