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US Housing Market May & Softwood Lumber Prices June: 2023

US housing starts and new home sales data for May 2023 both show a turn-a-round point from the slow-down of mid-2022, when lending rates started to rise. Providing indication that the backlog of homes under construction is easing, housing completions improved...

Increased Demand Rises Some Lumber Prices Slightly

It was at this time two years ago that the benchmark lumber price, of Western SPF 2x4s, reached the astronomical high of US$1,600 mfbm. This radical increase eclipsed any price level previously seen by 3X. Mayhem ensued throughout the lumber market, for suppliers and...